Home Buying in 03755>Question Details

Linda Mayo, Real Estate Pro in 03755

What are you seeing in your marketplace?

Asked by Linda Mayo, 03755 Thu Jun 26, 2014

Our market is showing great signs of recovery from the recession. Market activity has picked up and properties are selling.

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Our market has bounced back big time...to the point there is a shortage of resale property in most locations. New construction is taking off as well and we find many buyers resorting to this option because of resale availability.
0 votes Thank Flag Link Thu Jun 26, 2014
Hi Linda,

In our area (Williamsburg, VA) the market is really heating up. New to market listings are moving fast and many are getting multiple offers. Listings that have been on the market for awhile are not seeing the same activity - their prices are comparable or better than the new-to-market units but the market punishes stale units (they need a rest or they need updating/ restaging / fresh marketing). Overall, however, homes seem to be moving in all pricepoints.
0 votes Thank Flag Link Thu Jun 26, 2014
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