Fall Sales Soar!
As Fall 2013 unfolds, home sales in Hampton Roads continue to improve. Overall, the housing market is in a traditionally strong position. Homes in all, but the highest price ranges, are selling, on average in under 6 months.
Homes under $350,000 are trending the best. In Chesapeake and Virginia Beach, homes under $350,000 typically are sold within three months of the date listed. This is sign of a very healthy market for modest priced homes.
Homes selling under 6 months are in a "Balanced Market" with low/modest price appreciation but sound buyer activity. Under 3 months, price appreciation is the norm as buyers out number the homes available.
Below find data compiled by Rose & Womble Realty to provide a succinct statement of the market.