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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