Current Market Stats
Current Stats for the Hampton Roads Real Estate Market
Home prices across the U.S. are reaching all-time highs and many markets are experiencing a dearth of inventory. In Hampton Roads, 2017 so far can be seen as a seller's market with each of the 7 cities having less than 6 months of inventory on the market. Homes that are priced right for the market are selling quickly and with multiple offers, making it tougher for home buyers who over the last few years have had the luxury of negotiating more aggressively.
Take a look at the interactive graphs below to view current trends in our market. By moving your cursor along any point in the graph, you will market data for the given month going back 12 months.
Take a look at the interactive graphs below to view current trends in our market. By moving your cursor along any point in the graph, you will market data for the given month going back 12 months.
Months Supply of Inventory for Detached Residential Properties in Virginia Beach, Chesapeake, Norfolk, and Portsmouth:
Six (6) months represents a balanced market. Anything over 6 months is a buyer favored market while anything under 6 months favors sellers.