Hampton Roads Housing Market Update

Hampton Roads Housing Market Update

Hurricane Florence and the start of school has definitely affected the market here in Hampton Roads. Although inventory is still low, we still have watched the Days On Market increase. Take a Look at the stats below for August 2018


Virginia Beach    DOM-55    # OF SALES- 850

Chesapeake         DOM-55    # OF SALES- 448

Norfolk              DOM-67    # OF SALES- 308

Suffolk               DOM-92    # OF SALES- 174

Portsmouth        DOM-74    # OF SALES- 134

NEWPORT NEWS    DOM-69    # OF SALES- 211

HAMPTON              DOM-81    # OF SALES- 199


Most of you might say ouch okay I will wait until the spring BUT that might not be a good idea either. Experts have been predicting a shift coming for the last 12-18 months. With interest rates rising it puts buyers into an unaffordable situation, which again will affect the housing market. Contact ME today so that I can show you why NOW is the time.

  


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Phone: 757-644-3800
Dated: October 1st 2018
Views: 208
About Liz: Liz Abrams is co-founder and CEO of Abrams Realty. She and her Husband, Jim, Abrams, own and manage ...

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757-267-9508
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