hampton roads real estate

Navigating the Hampton Roads Real Estate Market: A Year in Review and What’s Ahead

The Hampton Roads real estate landscape has undergone significant transformations over the past year, with changes that have impacted both homeowners and renters alike. After a period of remarkable growth, the market faced a downturn, reflecting broader economic trends and shifts in buyer and seller behaviors. This post delves into these changes, offering insights and […]

9 Harrop Parrish: One owner, many memories- For Sale in Ford’s Colony: FOR SALE

Every home has a story John Womeldorf knows that every home has a story. As an experienced realtor with a deep love for Williamsburg, John looks beyond the basic features of the homes he sells. In his “Every Home Has a Story” series, John introduces potential buyers to the aspects of a home that they […]

125 Pine Valley: Fords Colony property checks all the boxes! FOR SALE

Every home has a story John Womeldorf knows that every home has a story. As an experienced realtor with adeep love for Williamsburg, John looks beyond the basic features of the homes he sells.In his “Every Home Has a Story” series, John introduces potential buyers to the aspectsof a home that they can’t see by […]

Hampton Roads Housing Market Continues to Heat Up

The median sales price (MSP) for homes in Hampton Roads set a record for the second straight month in June, reaching $345,000. Active listings and settled sales also increased from the previous month, but both are still significantly down compared to June 2022. “Seasonally, the month-over-month increases were expected, but they’re still important,” said Jon […]

Months’ Supply of Home Inventory Continues to Decline in Hampton Roads

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 […]