Local news casts are probably the worst reference for what is happening right here in Williamsburg.  They reported that the market was on the rise back in early January when there was almost nothing happening at all.  Well I'm here to say that realtors phones are ringing for the first time in a while here in Williamsburg.  You see our town is different from everything else on the Peninsula and Southside.  We are insulated in many positive ways from the goings on elsewhere.  Unfortunately, that insulation also means that it takes a little while longer for good effects from a "market rebound" to take effect.  We are seeing it now.  It couldn't come at a better time either.  We knew that a lot of the sellers who were sitting on the sideline watching the market, were going to throw their property back on the market for springtime.  That could cause a rise in inventory that would in turn put downward pressure on the market again.  So before that has even had a chance to happen, buyers have come into the market looking for homes.  FlexMLS, our local mls reports that 116 homes are Pending a closing.  There are currently approximately 950 homes on the market for sale.  That is roughly an 8 month supply of homes on the market, also known as our absorption rate.  I ran the same numbers for someone near the end of 2009 and the absorbtion rate at that point was almost 2 years.  So those are some real numbers and they show positive effects.  Also, check back in if you are thinking of selling your home.  I've just come across some great data on which price ranges are selling these days.