The uncertainty of an unbalanced market can cause stress for home buyers and sellers — especially those attempting to navigate the market alone. But that is exactly the position many Hampton Roads consumers find themselves in. According to REIN, our area MLS, the market has seen a continued decline in listing activity, with a 49.21% […]
2020 Ends as a Strong Seller’s Market in Hampton Roads
The Hampton Roads regional Multiple Listing Service, reports that residential sales in December remained strong and showed no signs of slowing down in the new year.The region’s residential pending sales rose 41.26% year-over-year, with 2,722 homes going under contract, up from 1,927 units last year. Residential settled sales also increased by 31.70% from December 2020 […]
Hampton Roads Median Homes Sales Price Up 4%
Real Estate Information Network, Inc. (REIN), the local MLS for Hampton Roads, reports a rise in the region’s residential home price in July 2019. The median sales price was $255,000, up 4.08% from July 2018. Residential closed sales for the region are also up, rising 8.41% year-over-year with 3,132 sales for homes and attached homes/ […]
Month Supply of Home Inventory Shrinks in Hampton Roads Despite Decrease in Sales
Inventory still remains low in the Hampton Roads market, despite a slight decrease in pending sales activity. The region added only 2,883 new listings (all property types) to the market in November, a decrease of 2.90% year-over-year and 822 units less than the previous month. There has been a decrease in active inventory for the […]
Hampton Roads real estate market continues its upward trend…
August 12, 2012 The Hampton Roads residential real estate market continues to experience encouraging trends. August 2012 results, such as a year-over-year drop in active listings and year-over-year increases in residential under contract sales and settled sales, combine to indicate a stabilizing local market. The number of homes listed for sale in the region has […]
Home Values To Increase By $54 million if we get NBA Team
Will an NBA team make Virginia Beach and Hampton Roads better, more attractive places to live because the presence of the team provides visibility, cachet and entertainment? Further, will this bid up property values? According to the economic impact report prepared by James V. Koch, Board of Visitors Professor of Economics, Old Dominion University […]
Suffolk, Loudon, Prince William Make Top 10 List for Job Growth in US
It’s still a tough job market, but these three Virginia localities counties can make it a lot easier to find work and a great place to live. This week, CNN Money Magazine published their annual list of ““Where the Jobs Are” Virginia had three localities in the top ten list of U.S. counties with the […]
Hampton Roads Real Estate Update July 2012
The Hampton Roads real estate market offered up some promising statistics for July that suggest the region may be on the road to recovery. Significant increases in residential under contract and settled sales, combined with a downswing in the number of residential active listings and the months’ supply of inventory are all healthy indicators of […]
