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 Jun 17 2019
This week the median list price for Virginia Beach, VA is $385,000 with the market action index hovering around 28. This is less than last month's market action index of 32. Inventory has held steady at or around 2253. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Virginia Beach, VA

Mon Jun 17 2019
This week the median list price for Virginia Beach, VA is $385,000 with the market action index hovering around 28. This is less than last month's market action index of 32. Inventory has held steady at or around 2253. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $385,000
Per Square Foot $169
Days on Market 105
Price Decreased 33%
Price Increased 3%
Relisted 10%
Inventory 2253
Median House Rent $1,650
Most Expensive $7,500,000
Least Expensive $65,000
Market Action Index
Slight Buyer's Advantage
28

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
$795,000 3,600 0.5 - 1 acre 5 4 24 23 1 187
$460,000 2,686 0.25 - 0.5 acre 4 3 23 33 2 93
$325,000 2,077 8,000 - 10,000 sqft 4 2 33 43 3 67
$238,000 1,514 6,500 - 8,000 sqft 3 2 43 32 7 75