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

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 have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Virginia Beach, VA

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 have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $389,000
Per Square Foot $171
Days on Market 101
Price Decreased 38%
Price Increased 4%
Relisted 14%
Inventory 1919
Median House Rent $1,600
Most Expensive $7,500,000
Least Expensive $82,000
Market Action Index
Slight Seller's Advantage
30

The market seems to have paused around this plateau. 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
$839,900 3,700 0.5 - 1 acre 5 4 24 20 38 187
$475,000 2,686 0.25 - 0.5 acre 4 3 21 28 52 94
$325,000 2,090 0.25 - 0.5 acre 4 3 32 38 47 62
$240,000 1,500 6,500 - 8,000 sqft 3 2 42 46 49 60