KING WILLIAM COUNTY HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in May, with 25 sold this month in King William County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024.

Versus last year, the total number of homes available this month is lower by 3 units or 3%. The total number of active inventory this May was 84 compared to 87 in May 2024. This month's total of 84 is higher than the previous month's total supply of available inventory of 81, an increase of 4%.

Last May, the median sale price for King William County Homes was $342,000. This May, the median sale price was $380,000, an increase of 11% or $38,000 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 3.4 months of supply available in King William County, compared to 4.8 in May 2024. That is a decrease of 30% 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 25 homes newly listed for sale in King William County compared to 39 in May 2024, a decrease of 36%. There were 13 current contracts pending sale this May compared to 28 a year ago. The number of current contracts is 54% lower than last May.

In May, the average sale price in King William County was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 52, higher than the average last year, which was 43, an increase of 21%.





FOCUS ON: KING WILLIAM COUNTY HOUSING MARKET			MAY 2025

Units Sold 25	Active Inventory 84	Median Sale Price $380,000	Days On Market 52

Up Vs. Year Ago	Down -3% Vs. Year Ago	Up 11% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in May, with 25 sold this month in King William County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 3%. The total number of active inventory this May was 84 compared to 87 in May 2024. This month's total of 84 is higher than the previous month's total supply of available inventory of 81, an increase of 4%.
		Median Sale Price Last May, the median sale price for King William County Homes was $342,000. This May, the median sale price was $380,000, an increase of 11% or $38,000 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 25	Current Contracts 13	Sold Vs. List Price 98.8%	Months of Supply 3.4

Down -36% Vs. Year Ago	Down -54% Vs. Year Ago	No Change Vs. Year Ago	Down -30% Vs. Year Ago


		Months of Supply In May, there was 3.4 months of supply available in King William County, compared to 4.8 in May 2024. That is a decrease of 30% 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 25 homes newly listed for sale in King William County compared to 39 in May 2024, a decrease of 36%. There were 13 current contracts pending sale this May compared to 28 a year ago. The number of current contracts is 54% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in King William County was 98.8% 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 52, higher than the average last year, which was 43, an increase of 21%.



	*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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.