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Homes for sale in Williamsburg VA • Market Update • September 29, 2023

Williamsburg Market Update – is it a good time to buy or sell a home?

by Ted Evans

Should you buy? Is it the right time to sell? Below are some insights with regard to the Williamsburg real estate market. If you have specific questions – let me know!

Single Homes for Sale in Williamsburg/James City County (2018-2023)

If you are in a position to sell your home, you man not have another opportunity like this. Inventory is at historic lows, prices are increasing, and buyer demand is very good. Your home needs to be well-maintained, spotless, and priced right because even though it is a sellers market – buyers are not overpaying for a home that is not move-in ready.

 

Median Price of a Single Family Home (Jan 2013-Aug 2013)

Should you wait to buy a home? Nobody can predict the future. I do believe that interest rates will not be falling back below 6% for a long time. In the meantime, home prices will not be dropping, possibly leveling off or rising slightly, but not dropping. So, find a home that fits your budget and enjoy it!

(Williamsburg Market Update as of (September 2023)

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