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

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