Barry Jenkins Jr - Your Friend in Real Estate Team

Virginia Beach, VA

Single-Family Homes

www.virginiabeachrealtysearch.com Barry@yourfriendlyagent.net (757) 965-6982


Virginia Beach, VA

Thu Feb 21 2019
This week the median list price for Virginia Beach, VA is $399,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 1053. Click here to stay informed with the Virginia Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Virginia Beach, VA

Thu Feb 21 2019
This week the median list price for Virginia Beach, VA is $399,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 1053. Click here to stay informed with the Virginia Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $399,900
Per Square Foot $170
Days on Market 131
Price Decreased 35%
Price Increased 4%
Relisted 18%
Inventory 1053
Median House Rent $1,700
Most Expensive $7,200,000
Least Expensive $85,000
Market Action Index
Slight Seller's Advantage 		33

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$915,000 3,753 0.5 - 1 acre 5 4 27 14 21 226
$509,900 2,820 0.25 - 0.5 acre 4 3 22 34 31 125
$325,000 2,181 0.25 - 0.5 acre 4 3 33 37 63 89
$227,500 1,489 6,500 - 8,000 sqft 3 2 46 40 42 85