Key Market Trends: 
Sales activity slowed down from the busy pace last year across much of the WAAR footprint. There were 230 sales throughout the region in February, down 16.7% from last year, which is 46 fewer sales. Sales were also down 18.4% from January. Typically, sales increase between January and February. Within the local markets, James City County had 39 fewer sales (-28.3%) and there were 10 fewer sales
in York County (-12.2%) compared to last February. New Kent County was the only local area to have a bump in sales activity this month, with 10 more sales than last February (+27.8%).
 Fewer pending sales than last year in most local markets in the region. There were 291 pending sales in the WAAR area in February, which is 73 fewer pending sales than this time last year (-20.1%). The sharpest drops in pending sales this month occurred in York County (-35.2%), Charles City County (-33.3%), and Williamsburg (- 32.3%).
 Home prices continue to rise quickly in the region despite slowdown in sales. The February average sales price in the WAAR footprint was $403,810, rising 11.8% from a year ago, a gain of nearly $43,000. The strongest price growth in February was in Williamsburg (+22.0%), New Kent County (+21.4%), and York County (+13.8%). 
 Inventory in the region continues to be very low; fewer new listings coming on the market. There were 373 active listings across the WAAR region at the end of February, 134 fewer listings than last year, which is a 26.4% drop. New listings also fell sharply this month. There were 311 new listings in the region in February, 81 less than a year ago (-20.7%).