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

Fri Dec 14 2018
This week the median list price for Virginia Beach, VA is $380,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 1248. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Virginia Beach, VA

Fri Dec 14 2018
This week the median list price for Virginia Beach, VA is $380,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 1248. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $380,000
Per Square Foot $166
Days on Market 129
Price Decreased 47%
Price Increased 2%
Relisted 16%
Inventory 1248
Median House Rent $1,663
Most Expensive $7,200,000
Least Expensive $100,000
Market Action Index
Slight Seller's Advantage
33

The market is 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
$849,950 3,607 0.5 - 1 acre 5 3 28 7 21 229
$476,250 2,738 0.25 - 0.5 acre 4 2 24 16 37 129
$319,000 2,155 0.25 - 0.5 acre 4 2 32 27 47 87
$234,900 1,527 6,500 - 8,000 sqft 3 2 46 30 38 74