Hampton Roads Real Housing Market Update ~ Hampton Roads Real Estate Ramblings

Hampton Roads Real Housing Market Update

Monday, July 28, 2008

Hello Hampton Roads,

Below is a table showing the most current snapshot of the Hampton Roads housing market comparing average and median list and sales prices of single family homes from June of last month to June of 2007. All data is derived from the REIN MLS.

All 7 cities, except Newport News, show a decrease in average and median list and sales prices.

If you are considering selling your home and would like more detailed information about sales activity in your neighborhood, feel free to contact me.




CityJun-07Jun-08
Virginia Beach
Avg List Price$408,296.38$388,185.73
Median List Price$323,250.00$299,900.00
Avg Sales Price$397,825.99$371,129.30
Median Sales Price$314,950.00$295,000.00
Chesapeake
Avg List Price$340,305.71$317,683.13
Median List Price$319,900.00$304,900.00
Avg Sales Price$335,524.23$310,967.58
Median Sales Price$316,500.00$304,000.00
Norfolk
Avg List Price$267,002.60$256,228.94
Median List Price$215,750.00$199,900.00
Avg Sales Price$260,821.50$246,720.68
Median Sales Price$209,500.00$201,000.00
Portsmouth
Avg List Price$214,002.82$198,353.59
Median List Price$187,900.00$186,900.00
Avg Sales Price$210,503.13$193,072.28
Median Sales Price$186,900.00$186,938.50
Suffolk
Avg List Price$341,218.61$329,282.38
Median List Price$299,700.00$299,000.00
Avg Sales Price$335,645.98$321,216.41
Median Sales Price$299,300.00$296,000.00
Hampton
Avg List Price$228,858.19$208,291.59
Median List Price$211,450.00$191,500.00
Avg Sales Price$225,620.67$204,400.15
Median Sales Price$205,500.00$193,000.00
Newport News
Avg List Price$237,860.20$239,258.42
Median List Price$223,900.00$225,000.00
Avg Sales Price$235,146.14$234,760.17
Median Sales Price$234,000.00$225,000.00


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For your real estate needs, visit my website at http://www.hamptonroadsrealestate.us/