Hampton Roads Real Estate Ramblings

Hello Hampton Roads, It’s time for an inside look at the Hampton Roads real estate market to see what the first 4  months of 2025 were like and how that compares to last year.  The table below shows the numbers for detached single family homes for Hampton Roads (7 cities combined). 2025/2024 Detached Homes in the 7 Cities (Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Hampton & Newport News) Month Med. Sales Price # Closed Sales Med D.O.M. Avg. % of LP Received Month’s Supply Jan 2025 $350,000.00 808 27 99.5% 3.0 Feb 2025    $355,000.00 990 18         99.8% 2.4 March 2025 $350,000.00 1149 15 99.8% 2.2 April 2025 $360,000.00 1330 14 100.1% ...