Hampton Roads Metro Area Real Estate Market Sees Sales Fall

While home sales in the Hampton Roads Metro Area market have been above average, in this week's report they dropped 6.0% to 2,021 homes sold over the last 30 days. Virginia Beach City, which is part of the Hampton Roads Metro Area, had the most home sales within the area, with 530. The median sales price climbed to $224,000, up from last week's $222,450. With decreasing sales and the availability of seven months of inventory, the Hampton Roads Metro Area is a definite buyer's market.

You can be the one to discover a gem in the Hampton Roads Metro Area by checking out these new listings:

$479K   $324K   $200K  

Get started right now by checking out Hampton Roads Metro Area homes for sale or reviewing Hampton Roads Metro Area real estate trends.

Demographic facts about the Hampton Roads Metro Area:

  • The average age of the population is 35 years old.
  • This area has a health cost index score of 100.3. (100 = national average)
  • Here are some of the distributions of commute times for the area: <15 min (26.2%), 15-29 min (41.8%), 30-44 min (21.1%), 45-59 min (6.2%), >60 min (4.7%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Creed Realty
Snapped 25 homes in this area
Lonnie Bush Real Estate Llc
Snapped 2 homes in this area
Long & Foster Real Estate Inc.
Snapped 99 homes in this area

Agents that specialize in this area
1 snap in this area
8 snaps in this area
22 snaps in this area
16 snaps in this area
78 snaps in this area
12 snaps in this area
2 snaps in this area
2 snaps in this area
4 snaps in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.