Virginia Beach Real Estate Market Update

By
Real Estate Broker Owner with Town Real Estate Group

Virginia Beach Real Estate Market Update is a weekly report of real estate market statistics. This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market. Since Virginia Beach contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Virginia Beach as a whole.

The median list price in VIRGINIA BEACH, VA this week is $339,900. The 2002 properties have been on the market for an average of 173 days. The Market Action Index has been climbing lately while days-on-market are trending down, these points to a positive near-term outlook for the market. Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision. A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers. When visiting the website Virginia Beach Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Virginia Beach Real Estate Market Update

Virginia Beach Real Estate Market Update

All data was pulled from REIN and Altos Research for Virginia Beach Real Estate Market Update.

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