Monthly Sales Begin Recovery
The number of closed transactions in Postal Codes 23185, 23188 and 23168 for January this year – 1,261 – was approximately 11% below that of January 2104 and followed a month to month decline for most of the year that appears to have reached its low point in November. As the traditional spring selling season begins to bloom it is expected that both median prices and sales volume will continue to improve. Agent comments heard around the office indicate that buyer interest is on the rise and the residential real estate market, in general, is in recovery.
The above information was obtained through online statistical information available to subscribers of the Williamsburg Multiple Listing Service and is believed to be accurate but not guaranteed. This sales data does not include transactions that were not listed for sale through the WMLS but is helpful in identifying trends as the vast majority of homes sold were listed for sale by participating brokers.