Virginia Beach Real Estate Market Update March 20,2013

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. The median list price in VIRGINIA BEACH, VA this week is $319,250. The 1356 properties have been on the market for an average of 178 days. The Market Action Index has been basically flat recently, and day’s-on market decreasing, there are not strong signals for the direction of the market.
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, Principal Broker, Town Real Estate Group Center, Doug@tregva.com , http://www.BetterCallDoug.com

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

Norfolk Real Estate Market Update March 20,2013

Norfolk 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 Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision. The median list price in NORFOLK, VA this week is $175,437. The 1044 properties have been on the market for an average of 180 days. The Market Action Index has been climbing lately while days-on-market are trending down, this point to a positive near-term outlook for the market.
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 BetterCallDoug.com be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Norfolk Real Estate Market Update
All data was pulled from REIN and Altos Research for Norfolk Real Estate Market Update.
Doug Wolfe, Principal Broker, Town Real Estate Group, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update

Norfolk 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 Norfolk 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 Norfolk as a whole.
The median list price in NORFOLK, VA this week is $169,500. The 1029 properties have been on the market for an average of 194 days. Inventory is tightening and days-on-market is falling. But demand as
measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data. 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 BetterCallDoug.com be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Norfolk Real Estate Market Update

All data was pulled from REIN and Altos Research for Norfolk Real Estate Market Update.
Doug Wolfe, Associate Broker, Town Real Estate Group Center, doug@tregva.com , http://www.BetterCallDoug.com

Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Virginia Beach Real Estate Market Update

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 $314,900. The 1249 properties have been on the market for an average of 196 days. With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook. 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, Town Real Estate Group Center, Doug@kwtregva.com , http://www.BetterCallDoug.com

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

Chesapeake Real Estate Market Update

Chesapeake 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 Chesapeake 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 Chesapeake as a whole. The median list price in CHESAPEAKE, VA this week is $284,900. The 1095 properties have been on the market for an average of 188 days.  Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. 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 Chesapeake 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.

 

 

 

 

 

Chesapeake Real Estate Market Update

 

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

Doug Wolfe, Associate Broker, Keller Williams Town Center, Dougwolfe@kw.com , www.BetterCallDoug.com

 

<img src=”http://charts.altosresearch.com/altos/app?pai=53078800&st=VA&c=CHESAPEAKE&z=a&service=chart&rt=sf&ra=c&q=a&s=median_price&ts=e&sz=b&#8221; alt=”Blog Chart”></img>

Chesapeake Real Estate Market Update, Chesapeake Real Estate, Chesapeake Virginia Home Search, Chesapeake Home Search

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Norfolk Real Estate Market Update

Norfolk 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 Norfolk 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 Norfolk as a whole.
The median list price in NORFOLK, VA this week is $169,900. The 1041
properties have been on the market for an average of 191 days. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. 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 BetterCallDoug.com be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Norfolk Real Estate Market Update

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

Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search