Virginia Beach Real Estate Market Update March 8,2012

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 $330,000. The 1260 properties have been on the market for an average of 215 days. Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

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

All data was pulled from REIN and Altos Research for Virginia Beach Real Estate Market Update.
Doug Wolfe, Associate Broker, Keller Williams Town Center, Dougwolfe@kw.com , www.BetterCallDoug.com

Blog Chart
Virginia Beach Real Estate Market Update, Virginia Beach Real Estate, Virginia Beach Virginia Home Search, Virginia Beach Home Search

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Virginia Virginia Beach City
Tags:
virginia beach home search
virginia beach virginia home search
virginia beach real estate
virginia beach real estate market update

Anonymous
Post a Comment
Spam prevention
Spam prevention
Anonymous
Post a Comment
Spam prevention
Rainmaker
176,533

Doug Wolfe

Ask me a question
*
*
*
Spam prevention

Additional Information