Home sales increased again in October from a year ago, and the median sales price increased by double digits in Williamsburg and York County, according to a report released Thursday by the Virginian Realtors group.
Consumers are seeing more inventory on the market, if they can afford current mortgage rates. Home listings across Virginia increased 25.7%, according to the Realtors.
“Mortgage rates remaining in the low 6% range have encouraged potential buyers and allowed for renewed motivation among some sellers,” said Virginia Realtors Chief Economist Ryan Price. “While the recent government shutdown has restricted insight into some economic trends, rising prices and a cooling labor market continue to pose challenges.”
In James City County median sales prices remained basically flat, but were still the highest in the area, at $484,900. James City County home sales rose 15.38%, to 135 homes, from October of 2024.
Williamsburg, which has a smaller base and is subject to more fluctuation mont…