GREATER WILLIAMSBURG HOUSING MARKET DATA

There was an increase in total units sold in May, with 140 sold this month in Greater Williamsburg Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 115 units or 75%. The total number of active inventory this May was 269 compared to 154 in May 2024. This month's total of 269 is higher than the previous month's total supply of available inventory of 259, an increase of 4%.

Last May, the median sale price for Greater Williamsburg Homes was $475,000. This May, the median sale price was $492,500, an increase of 4% or $17,500 compared to last year. The current median sold price is 2% lower than in April.

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

In May, there was 1.9 months of supply available in Greater Williamsburg, compared to 1.2 in May 2024. That is an increase of 56% 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 164 homes newly listed for sale in Greater Williamsburg compared to 137 in May 2024, an increase of 20%. There were 143 current contracts pending sale this May compared to 122 a year ago. The number of current contracts is 17% higher than last May.

In May, the average sale price in Greater Williamsburg was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 26, lower than the average last year, which was 28, a decrease of 7%.





FOCUS ON: GREATER WILLIAMSBURG HOUSING MARKET			MAY 2025

Zip Code(s): 23188 and 23185
Units Sold 140	Active Inventory 269	Median Sale Price $492,500	Days On Market 26

Up 12% Vs. Year Ago	Up 75% Vs. Year Ago	Up 4% Vs. Year Ago	Down -7% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 140 sold this month in Greater Williamsburg Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 115 units or 75%. The total number of active inventory this May was 269 compared to 154 in May 2024. This month's total of 269 is higher than the previous month's total supply of available inventory of 259, an increase of 4%.
		Median Sale Price Last May, the median sale price for Greater Williamsburg Homes was $475,000. This May, the median sale price was $492,500, an increase of 4% or $17,500 compared to last year. The current median sold price is 2% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 164	Current Contracts 143	Sold Vs. List Price 99.3%	Months of Supply 1.9

Up 20% Vs. Year Ago	Up 17% Vs. Year Ago	No Change Vs. Year Ago	Up 56% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Greater Williamsburg, compared to 1.2 in May 2024. That is an increase of 56% 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 164 homes newly listed for sale in Greater Williamsburg compared to 137 in May 2024, an increase of 20%. There were 143 current contracts pending sale this May compared to 122 a year ago. The number of current contracts is 17% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Greater Williamsburg was 99.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 26, lower than the average last year, which was 28, a decrease of 7%.


	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.