Williamsburg-James City County Real Estate Stats April 2012

More April 2012 Real Estate statistics for the local area. These are for the Williamsburg and James City County area. While not as favorable as those for the Suffolk/Smithfield area that I recently blogged about, things are relatively stable. Inventories are decreasing in the area. This will allow more opportunity for sellers to move their properties that are on the market and also will allow prices to continue to stabalize. 35.37% of homes sold were in the $200,000-$300,000 range. With interest rates still at historical lows, this range should continue to sell well. Here is a link that will allow you to reveiw the detailed statistics for the month. http://member.waarealtor.com/Merge/April.pdf On a note of interest, this blog was written on June 1, 2012. Yesterday interest rates reached an all time historic low. It is a great time to buy a home! Lynne Jakobowski, Associate Broker