Williamsburg Home Sales Update Covering Feb 2017 | Williamsburg For Sale | West Clermont

Home Sales In The Williamsburg School District | Williamsburg Township

Things are starting off great with Williamsburg home sales!  A tremendous indicator is what is called the Absorption Rate.  It is used to not only determine if it is a buyer’s or seller’s market, but how strong of a buyer or seller market it is.  For February, home sales in the Williamsburg School District had a rate of 4.4.  What does that mean?

A rate of 5 or 6 is considered the range for a balanced market.  A higher number is a buyer’s market and a lower number is a seller’s market.  At 4.4, that indicates the demand in the market is good, and that prices might slowly climb at a healthy rate.

Of concern is on March 15th (the Ides of March) the Fed raised the lending rate by a quarter of a point and many are expecting a larger increase later in the year.  Bottom line, as interest rates rise, buyers are not able to buy as much of a home.  Sellers will see fewer buyers and buyers will either have to pay more each month for their dream home or buy a less expensive home to keep their monthly payments the same.  A delay in a buying or selling decision could prove costly.

To see all the currently listed homes in the school district, Click Here!

If you’d like to create your own, free search for a specific price, location or style of home, Click Here!

[table id=26 /]