It is still a buyer's market in Williamsburg, Virginia.

If you are interested in buying a property in the future, you need to know that it is still a buyer's market in Williamsburg, Virginia.

According to data taken from the Williamsburg Area Association of Realtors and our local MLS, we had over 16 months of inventory of active homes listed for sale in the month of September. According to researchers 6 months of inventory is a balanced real estate market.

Although 16 months of inventory sounds really high, our MLS showed that we had over 28 months of inventory in November of 2008.

While in many area of the country sales have increased substantially, that is not the case in Williamsburg. The Williamsburg real estate market is still very much in favor of the buyer. I believe that this is partially due to the fact that the foreclosures in Williamsburg didn't happen as quickly as they did in the rest of the country.

So if you would like to buy a house in Williamsburg Virginia, you can get a great deal right now and this buyers market along with low interest rates cannot possibly last forever. So don't wait!