GREATER WILLIAMSBURG HOUSING MARKET DATA

There was an increase in total units sold in July, with 122 sold this month in Greater Williamsburg Real Estate versus 120 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 9% versus July 2024.

Versus last year, the total number of homes available this month is higher by 106 units or 50%. The total number of active inventory this July was 320 compared to 214 in July 2024. This month's total of 320 is higher than the previous month's total supply of available inventory of 318, an increase of 1%.

Last July, the median sale price for Greater Williamsburg Homes was $497,500. This July, the median sale price was $540,000, an increase of 9% or $42,500 compared to last year. The current median sold price is 14% higher than in June.

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

In July, there was 2.6 months of supply available in Greater Williamsburg, compared to 1.9 in July 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 149 homes newly listed for sale in Greater Williamsburg compared to 139 in July 2024, an increase of 7%. There were 118 current contracts pending sale this July compared to 83 a year ago. The number of current contracts is 42% higher than last July.

In July, the average sale price in Greater Williamsburg was 97.6% of the average list price, which is 2.4% lower than at this time last year.

This month, the average number of days on market was 33, higher than the average last year, which was 21, an increase of 57%.





FOCUS ON: GREATER WILLIAMSBURG HOUSING MARKET			JULY 2025

Zip Code(s): 23188 and 23185
Units Sold 122	Active Inventory 320	Median Sale Price $540,000	Days On Market 33

Up 9% Vs. Year Ago	Up 50% Vs. Year Ago	Up 9% Vs. Year Ago	Up 57% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 122 sold this month in Greater Williamsburg Real Estate versus 120 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 9% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 106 units or 50%. The total number of active inventory this July was 320 compared to 214 in July 2024. This month's total of 320 is higher than the previous month's total supply of available inventory of 318, an increase of 1%.
		Median Sale Price Last July, the median sale price for Greater Williamsburg Homes was $497,500. This July, the median sale price was $540,000, an increase of 9% or $42,500 compared to last year. The current median sold price is 14% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 149	Current Contracts 118	Sold Vs. List Price 97.6%	Months of Supply 2.6

Up 7% Vs. Year Ago	Up 42% Vs. Year Ago	Down -2.4% Vs. Year Ago	Up 37% Vs. Year Ago


		Months of Supply In July, there was 2.6 months of supply available in Greater Williamsburg, compared to 1.9 in July 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 149 homes newly listed for sale in Greater Williamsburg compared to 139 in July 2024, an increase of 7%. There were 118 current contracts pending sale this July compared to 83 a year ago. The number of current contracts is 42% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Greater Williamsburg was 97.6% of the average list price, which is 2.4% lower than at this time last year. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 21, an increase of 57%.


	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.