GREATER WILLIAMSBURG HOUSING MARKET DATA

There was an increase in total units sold in March, with 80 sold this month in Greater Williamsburg Real Estate versus 62 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 17% versus March 2024.

Versus last year, the total number of homes available this month is higher by 73 units or 48%. The total number of active inventory this March was 226 compared to 153 in March 2024. This month's total of 226 is higher than the previous month's total supply of available inventory of 185, an increase of 22%.

Last March, the median sale price for Greater Williamsburg Homes was $437,450. This March, the median sale price was $466,500, an increase of 7% or $29,050 compared to last year. The current median sold price is 1% higher than in February.

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

In March, there was 2.8 months of supply available in Greater Williamsburg, compared to 1.6 in March 2024. That is an increase of 77% 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 170 homes newly listed for sale in Greater Williamsburg compared to 137 in March 2024, an increase of 24%. There were 112 current contracts pending sale this March compared to 118 a year ago. The number of current contracts is 5% lower than last March.

In March, the average sale price in Greater Williamsburg was 99.6% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 29, an increase of 24%.





FOCUS ON: GREATER WILLIAMSBURG HOUSING MARKET			MARCH 2025

Zip Code(s): 23188 and 23185
Units Sold 80	Active Inventory 226	Median Sale Price $466,500	Days On Market 36

Down -17% Vs. Year Ago	Up 48% Vs. Year Ago	Up 7% Vs. Year Ago	Up 24% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 80 sold this month in Greater Williamsburg Real Estate versus 62 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 17% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 73 units or 48%. The total number of active inventory this March was 226 compared to 153 in March 2024. This month's total of 226 is higher than the previous month's total supply of available inventory of 185, an increase of 22%.
		Median Sale Price Last March, the median sale price for Greater Williamsburg Homes was $437,450. This March, the median sale price was $466,500, an increase of 7% or $29,050 compared to last year. The current median sold price is 1% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 170	Current Contracts 112	Sold Vs. List Price 99.6%	Months of Supply 2.8

Up 24% Vs. Year Ago	Down -5% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 78% Vs. Year Ago


		Months of Supply In March, there was 2.8 months of supply available in Greater Williamsburg, compared to 1.6 in March 2024. That is an increase of 77% 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 170 homes newly listed for sale in Greater Williamsburg compared to 137 in March 2024, an increase of 24%. There were 112 current contracts pending sale this March compared to 118 a year ago. The number of current contracts is 5% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Greater Williamsburg was 99.6% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 29, an increase of 24%.


	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.