Hampton Roads Real Estate Market Update
What's Happening In The Market?
Sales are up 20.83% year-over-year. Last year this time 2,392 homes sold whereas this year, 2,889 sold! The median sale price for sold listings dipped by 1.2% from the previous month, but is up 2.23% year-over-year.
Days on market, the average amount of time it takes to sell a home, is down from 78 days last year to 67 days this year. Inventory is also down compared to last month and last year (see chart below for full stats).
We’re still in a strong seller’s market.
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