June sales increases brought good news for home sellers….and danger warnings for taxpayers in the Historic Triangle.
Home sales increased by double digits in the Historic Triangle last month from June of the previous year, according to the monthly report from the Virginia Association of Realtors.
Prices grew right along with those sales except in Williamsburg, where the median home price dropped 13%, to $377,000, according to the study.
Williamsburg home sales increased 50% to 24 homes last month. Because the market is considerably smaller than the two neighboring counties, the percentage changes tend to be more radical.
James City County’s home sales increased 13.5 percent in June, to 168 homes sold. Median home prices increased 9.6 percent to $485,000, the most expensive of the three localities in the Historic Triangle.
York County saw the largest jump in home prices – up 14.5 percent to $477,500. Home sales in York County were up 12.62 percent from June 2024, with 11…