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


Ask a local expert about this area:
Judy Boone Realty Inc.
Snapped 14 homes in this area
Hulett And Associates Inc.
Snapped 40 homes in this area
Howard Hanna William E. Wood
Snapped 23 homes in this area

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©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
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