Sales Fall in Hampton City Real Estate Market

In this week's report, the number of homes sold in the Hampton City market slid to 163 over the past 30 days, but still above the monthly average. Meanwhile, Virginia Beach City reported 530 home sales, the highest number from all the surrounding counties. Prices are falling in Hampton City, and this period the median price of all sales fell from $154,000 to $152,500. Along with the slip in sales, a relatively high eight months of inventory indicates that Hampton City is a definite buyer's market.

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Demographic facts for Hampton City:

  • The average age is 35 years old for the population in this area.
  • The area's health cost index score is 103.1. (100 = national average)
  • The commute times can range from: <15 min (25.0%), 15-29 min (46.1%), 30-44 min (17.5%), 45-59 min (7.3%), >60 min (4.1%).

Data reported through 10/12/2016

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CENTURY 21 Nachman Realty
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Chantel Ray Real Estate Inc
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