April 2024 Real Estate Market Update

April 2024 illuminated resilience in Hampton Roads' real estate market despite persistent high mortgage rates. Led by REIN's insights, the month showcased robust growth, with increased sales and inventory. Notably, the Median Sales Price hit $344,000, signaling strong buyer determination. Despite challenges, the market maintained balance, with properties swiftly turning over in just 14 days. New construction flourished, reflecting the region's enduring appeal. REIN continues to empower stakeholders with precise data, underscoring Hampton Roads' resilience and offering hope amid challenges.