Record-Breaking Home Prices and Listings: What May's Real Estate Data Means for You!
May's real estate market in Hampton Roads has seen record-breaking changes, with home listings topping 4,000 for the first time since October 2022 and median sales prices reaching an all-time high of $352,392. Discover what these trends mean for buyers and sellers alike in our latest market update. Whether you're looking to buy or sell, understanding these dynamics can help you make informed decisions in today's competitive market.
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.
March 2024 Real Estate Market Update
Discover the latest trends in the Hampton Roads real estate market as we delve into the resilience and growth exhibited throughout February. With increased inventory, rising sales activity, appreciating home values, and reduced days on market, the region's housing sector showcases promising signs for both buyers and sellers. Stay informed with key insights from the Real Estate Information Network (REIN), guiding you through the evolving landscape as we approach the vibrant spring season.
February 2024 Real Estate Market Update
Discover the latest trends in the Hampton Roads real estate market as we delve into the resilience and growth exhibited throughout February. With increased inventory, rising sales activity, appreciating home values, and reduced days on market, the region's housing sector showcases promising signs for both buyers and sellers. Stay informed with key insights from the Real Estate Information Network (REIN), guiding you through the evolving landscape as we approach the vibrant spring season.
January 2024 Real Estate Market Update
January's real estate market in Hampton Roads saw increased buyer interest, inventory levels, and affordable prices, offering opportunities for both buyers and sellers. With a balanced supply and demand, coupled with a slight rise in days on market, the outlook remains optimistic.
