Thinking About Buying a Home? Sooner Might Be Smarter Than Later

If you've been wondering whether to buy a home now or wait, you're not alone. It’s a question we hear all the time, especially here in Williamsburg where the market has stayed strong but steady. And while it’s tempting to sit on the sidelines waiting for the “perfect moment,” the reality is this: time in the market almost always beats trying to time the market.

Here’s why.

Home Prices in Williamsburg – and Beyond – Are Still on the Rise

National experts, including over 100 housing economists surveyed quarterly by Fannie Mae, expect home prices to continue rising steadily through at least 2029. While we’re no longer seeing the rapid spikes of the pandemic years, we’re now in a more balanced, healthy market — which is great news for buyers.

Locally, Williamsburg real estate values have followed that same upward trajectory. That means the longer you wait, the higher prices are likely to climb — and that could cost you.

What Waiting Could Cost You

Let’s put some numbers behind it. If you bought a $400,000 home today, forecasts suggest your home could appreciate by roughly $79,000 over the next five years — simply through price growth. That’s equity you miss out on if you wait.

So while mortgage rates may shift and inventory might ebb and flow, what matters most is getting into a home when it makes sense for you. Because every year you delay, that future equity gets further away.

Yes, It’s Still Possible to Buy Wisely Right Now

Today’s real estate market in Williamsburg isn’t without its challenges — but there are also real opportunities. If you’re open to exploring townhomes, smaller homes, or different neighborhoods, we can work together to find the right fit for your budget and lifestyle. And if you're a first-time buyer or downsizer, we can help you tap into local resources like down payment assistance or financing options that work for your situation.

Bottom Line

Trying to “wait out” the market might feel safe — but it could actually cost more in the long run. If you’ve been thinking about buying in Williamsburg, now is a great time to explore your options, understand your numbers, and make a plan that works for you.

Curious what home prices are doing in your favorite neighborhood? Let’s take a look together and create a plan that fits your timeline and budget.