New Weakness in New Listings for Chesapeake Real Estate Market

Over the last 30 days, an emerging downward trend of new sellers coming into the Chesapeake market continued, with 372 listings in this week's report. Meanwhile, sales fell, with 277 homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Prices are falling in Chesapeake, and this period the median price of all sales fell from $259,990 to $242,000.

Early bird gets the worm, so be sure to take a look at these new listings in Chesapeake:

$279K   $624K   $429K  

Get started right now by checking out Chesapeake homes for sale or reviewing Chesapeake real estate trends.

Demographic facts about Chesapeake:

  • The rating for this area for population growth is 66. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 271.8 for every 100,000 people.
  • The area's health cost index score is 102.5. (100 = national average)
  • 85.5% of the residents travel to work in an automobile, 8.7% via carpool, and 1.0% by way of public transit.

Data reported through 1/11/2017

Comments:

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Rose & Womble Realty Company
Snapped 12 homes in this area
Exit Realty Central
Snapped 2 homes in this area
The Real Estate Group
Snapped 1 home in this area

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