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

Mon Apr 22 2019
This week the median list price for Virginia Beach, VA is $434,950 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 1158. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Virginia Beach, VA

Mon Apr 22 2019
This week the median list price for Virginia Beach, VA is $434,950 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 1158. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $434,950
Per Square Foot $174
Days on Market 123
Price Decreased 32%
Price Increased 4%
Relisted 15%
Inventory 1158
Median House Rent $1,600
Most Expensive $7,200,000
Least Expensive $70,000
Market Action Index
Slight Seller's Advantage
36

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$964,000 3,950 0.5 - 1 acre 5 4 26 19 13 221
$540,000 2,918 0.25 - 0.5 acre 4 3 23 30 12 127
$364,000 2,312 0.25 - 0.5 acre 4 3 31 59 42 73
$240,000 1,595 6,500 - 8,000 sqft 3 2 43 49 45 73