Homes for Sale Numbers Are Up in the Area

For the eighth consecutive month, listings were up across the Williamsburg Area Association of REALTORS® footprint. There were 579 active listings at the end of February, 30.4% more than a year ago, which is 135 additional listings. Most local markets experienced an uptick in listing activity with James City County seeing the biggest gain in active listings (+50.0%).

There was moderate price growth as well. At $423,950, the median home price in the region was 1.9% higher than a year earlier, a $7,950 price increase. The median price in York County jumped up 16.9% to $458,815. However, prices declined in New Kent.

Sales also decreased for the second straight month in the WAAR area. There were 41 fewer sales in the month of February, leading to 192 total home sales, 17.6% less than last year. All local markets saw a decline in sales activity with York County having the biggest drop-off with 23 fewer sales than a year ago (-28.4%).

The year started with more active listings in the WAAR footprint. There were 533 listings at the end of January, up 22.2 percent from a year earlier, an additional 97 listings. Listings dropped the most in Charles City County with seven fewer active listings that the year before. The most significant listing gain occurred in James City County with 54 more listings on the market compared to last year (+32%).

Information provided by the Virginia Association of REALTORS®
for the Williamsburg Area Association of REALTORS®.