Hampton Roads Real Estate Market Update | Chantel Ray Real Estate

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Hampton Roads Real Estate Market Update

Hampton Roads Real Estate Market Update


Is your home worth $15,000 more than last year? Which way is the Hampton Roads real estate market heading? What's the future of home values: further appreciation or is the price decline right around the corner?

 

What's Happening In The Market?

Sales increased 6.8% from the month before and were up 10% year-over-year.

Prices improved in April 2018 with the median price for detached residential listings climbing 1.7% from the previous month. And, the median price is up 5.7% compared to last year from $279,000 to $294,900 (that is $15,000).

The average list price for detached residential listings went from $344,509 last year, to $361,565 this year. A yearly gain of 5.7%.

Inventory increased 4.8% from last month and was down -8.4% year-over-year.

Do you want to see if your home’s value increased?

Give us a call at 757-717-1003

Click here for a free home analysis to find out what your home is worth:
https://www.chantelrayhomes.com/home-valuation/

 

Home Value