Hampton Roads Housing Market Update ~ Hampton Roads Real Estate Ramblings

Hampton Roads Housing Market Update

Monday, June 2, 2008

Hello Hampton Roads,

The most recent stats are derived from the REIN (Real Estate Information Network) MLS and portrays the state of the Hampton Roads housing market comparing today's sales information to that of the previous year:


City

Apr-07

Apr-08

VAB

 

 

Avg List Price

$382,431.53

$341,671.98

Median List Price

$299,900.00

$283,700.00

Avg Sales Price

$371,599.83

$332,969.85

Median Sales Price

$299,700.00

$278,900.00

 

 

 

Chesapeake

 

 

Avg List Price

$322,680.18

$317,481.56

Median List Price

$298,000.00

$289,900.00

Avg Sales Price

$317,374.56

$311,453.05

Median Sales Price

$290,000.00

$287,450.00

 

 

 

Norfolk


 


 

Avg List Price

$257,795.34

$238,490.71

Median List Price

$209,900.00

$209,900.00

Avg Sales Price

$250,117.40

$230,484.17

Median Sales Price

$209,400.00

$209,450.00

 

 

 

Portsmouth


 

 

Avg List Price

$194,831.42

$191,201.49

Median List Price

$181,850.00

$189,000.00

Avg Sales Price

$191,370.71

$186,307.80

Median Sales Price

$182,450.00

$184,000.00

 

 

 

Suffolk


 

 

Avg List Price

$307,658.79

$266,605.26

Median List Price

$291,950.00

$251,450.00

Avg Sales Price

$303,033.75

$260,412.49

Median Sales Price

$290,000.00

$248,250.00

 

 

 

Hampton

 

 

Avg List Price

$201,771.86

$197,959.53

Median List Price

$185,000.00

$176,900.00

Avg Sales Price

$199,233.60

$192,913.59

Median Sales Price

$184,900.00

$174,900.00

 

 

 

Newport News

 

 

Avg List Price

$215,792.04

$226,273.25

Median List Price

$206,500.00

$209,000.00

Avg Sales Price

$212,285.51

$219,002.69

Median Sales Price

$205,000.00

$206,000.00

 



As you can see from the table above, in every city except Newport News, the average list price and sales price has decreased from where the the market was a year ago. If you would like more specific information about housing sales in your neighborhood, feel free to contact me.


___________________
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http://www.hamptonroadsrealestate.us/