GREATER WILLIAMSBURG HOUSING MARKET DATA

There was a decrease in total units sold in June, with 118 sold this month in Greater Williamsburg Real Estate versus 142 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2024.

Versus last year, the total number of homes available this month is higher by 131 units or 78%. The total number of active inventory this June was 298 compared to 167 in June 2024. This month's total of 298 is higher than the previous month's total supply of available inventory of 290, an increase of 3%.

Last June, the median sale price for Greater Williamsburg Homes was $475,500. This June, the median sale price was $472,500, a decrease of 1% or $3,000 compared to last year. The current median sold price is 4% lower than in May.

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

In June, there was 2.5 months of supply available in Greater Williamsburg, compared to 1.4 in June 2024. That is an increase of 81% 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 154 homes newly listed for sale in Greater Williamsburg compared to 131 in June 2024, an increase of 18%. There were 124 current contracts pending sale this June compared to 111 a year ago. The number of current contracts is 12% higher than last June.

In June, the average sale price in Greater Williamsburg was 99.4% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 29, higher than the average last year, which was 23, an increase of 26%.





FOCUS ON: GREATER WILLIAMSBURG HOUSING MARKET			JUNE 2025

Zip Code(s): 23188 and 23185
Units Sold 118	Active Inventory 298	Median Sale Price $472,500	Days On Market 29

Down -2% Vs. Year Ago	Up 78% Vs. Year Ago	Down -1% Vs. Year Ago	Up 26% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 118 sold this month in Greater Williamsburg Real Estate versus 142 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 131 units or 78%. The total number of active inventory this June was 298 compared to 167 in June 2024. This month's total of 298 is higher than the previous month's total supply of available inventory of 290, an increase of 3%.
		Median Sale Price Last June, the median sale price for Greater Williamsburg Homes was $475,500. This June, the median sale price was $472,500, a decrease of 1% or $3,000 compared to last year. The current median sold price is 4% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 154	Current Contracts 124	Sold Vs. List Price 99.4%	Months of Supply 2.5

Up 18% Vs. Year Ago	Up 12% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 82% Vs. Year Ago


		Months of Supply In June, there was 2.5 months of supply available in Greater Williamsburg, compared to 1.4 in June 2024. That is an increase of 81% 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 154 homes newly listed for sale in Greater Williamsburg compared to 131 in June 2024, an increase of 18%. There were 124 current contracts pending sale this June compared to 111 a year ago. The number of current contracts is 12% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Greater Williamsburg was 99.4% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 29, higher than the average last year, which was 23, an increase of 26%.


	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.