The market in Hampton Roads is in a relatively good place. Home values are growing, but not growing at too rapid of a rate that would stimulate future crash concerns. Home values are also still quite affordable & below the Virginia median price and the national median price. Inventory is relatively low. In this article, I'll be sharing via graph form more on the current state of the market, and focusing as well on historic and recurring trends. The below is best viewed on a desktop.
Indirect Factors
What Other Factors Beyond Typical Real Estate Market Statistics in Hampton Roads Contribute to Positive Market Conditions?
What Other Factors Beyond Typical Real Estate Market Statistics in the US Contribute to Positive or Negative Market Conditions?
What Other Factors Contribute to Variance in Market Conditions within Hampton Roads?
Individual market factors in graph form:
Median Sales Prices in Hampton Roads (Overall)
Median Sales Prices by City/County (South Side)
Median Sales Prices by City/County (Peninsula)
Median Sales Prices by City/County (Middle Peninsula)
Median Sale Price Per Square Foot
Homes Available
Homes Closed
New Listings
Sale to List Price Ratio
Median Days on Market
Distressed Units
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