Real Estate Trends August 25, 2023

Baby Boomers and the Housing Market

The Williamsburg VA area has long been known as a great place to retire. When I read the article below from CNBC, it seemed to reflect what we are seeing here in the Williamsburg area – our averages sales price is around $430,000, about 25% of the home purchases in our market are cash, and there is a strong desire to be in the suburbs. Click here to seach for homes available in the Williamsburg VA area.

Enjoy the article and if you have any questions about the Williamsburg area real estate market, just let me know!

Baby Boomers and their cash are driving the housing market – CNBC