GREATER WILLIAMSBURG HOUSING MARKET DATA

There was a decrease in total units sold in August, with 114 sold this month in Greater Williamsburg Real Estate versus 122 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 2% versus August 2024.

Versus last year, the total number of homes available this month is higher by 87 units or 39%. The total number of active inventory this August was 308 compared to 221 in August 2024. This month's total of 308 is lower than the previous month's total supply of available inventory of 356, a decrease of 13%.

Last August, the median sale price for Greater Williamsburg Homes was $474,500. This August, the median sale price was $494,500, an increase of 4% or $20,000 compared to last year. The current median sold price is 8% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 2.7 months of supply available in Greater Williamsburg, compared to 2.0 in August 2024. That is an increase of 37% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 129 homes newly listed for sale in Greater Williamsburg compared to 134 in August 2024, a decrease of 4%. There were 141 current contracts pending sale this August compared to 113 a year ago. The number of current contracts is 25% higher than last August.

In August, the average sale price in Greater Williamsburg was 99.0% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 38, higher than the average last year, which was 32, an increase of 19%.





FOCUS ON: GREATER WILLIAMSBURG HOUSING MARKET			AUGUST 2025

Zip Code(s): 23188 and 23185
Units Sold 114	Active Inventory 308	Median Sale Price $494,500	Days On Market 38

Up 2% Vs. Year Ago	Up 39% Vs. Year Ago	Up 4% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 114 sold this month in Greater Williamsburg Real Estate versus 122 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 2% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 87 units or 39%. The total number of active inventory this August was 308 compared to 221 in August 2024. This month's total of 308 is lower than the previous month's total supply of available inventory of 356, a decrease of 13%.
		Median Sale Price Last August, the median sale price for Greater Williamsburg Homes was $474,500. This August, the median sale price was $494,500, an increase of 4% or $20,000 compared to last year. The current median sold price is 8% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 129	Current Contracts 141	Sold Vs. List Price 99.0%	Months of Supply 2.7

Down -4% Vs. Year Ago	Up 25% Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 37% Vs. Year Ago


		Months of Supply In August, there was 2.7 months of supply available in Greater Williamsburg, compared to 2.0 in August 2024. That is an increase of 37% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 129 homes newly listed for sale in Greater Williamsburg compared to 134 in August 2024, a decrease of 4%. There were 141 current contracts pending sale this August compared to 113 a year ago. The number of current contracts is 25% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Greater Williamsburg was 99.0% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 38, higher than the average last year, which was 32, an increase of 19%.


	Greater Williamsburg are defined as properties listed in zip code/s 23188 and 23185.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by WAAR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of WAAR or Long & Foster Real Estate, Inc.