In this blog you will find some data on active listing in the Williamsburg area during 2009, you will also see some practical ways that this data can help you with one of your greatest investments, your home.
The first chart includes the number of residential units sold in 2009 as well as the number of homes that went pending in 2009. To see this chart from the Williamsburg MLS click here. It is important that you note that the data includes houses sold in areas that would be considered outside of the Williamsburg area, areas such as Chesterfield, Henrico, Matthews, West Point, Surry, Chesapeake, Norfolk and Virginia Beach, Newport News, Hampton and Gloucester.
Click on this link for cumulative totals of homes sold in 2009 that were listed in the Williamsburg MLS. The cumulative totals include the city of Williamsburg, as well as James City County, York, New Kent and Charles City Counties. The counties included share a border up with either Wiliamsburg or James City County.
While lots of people want to see statistics for real estate activity in their area, they may not know how to practically use it.
Here are a few ideas:
- Days on the market is a good indicator of how long it will take to sell a home in Williamsburg area
- Median and average sold price indicate what price home in is selling in the Williamsburg area most often
- The number of active listings in the Williamsburg area shows how many homes buyers can choose from
For more interesting data about the Williamsburg area real estate market click here.
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