May 2025 Market Update: More Homes, More Choices in Hampton Roads

Smithfield Real Estate with Virginia 1st Realty Group

🏡 May 2025 Market Update: More Homes, More Choices in Hampton Roads

Spring is blooming, and so is the housing market in Hampton Roads! If you've been waiting for the right moment to buy or sell, now's the time to make your move.

According to recent reports, the number of homes for sale in our region is on the rise, giving buyers more options than we've seen in years. This increase in inventory is helping to balance the market, making it a great time for both buyers and sellers.

For buyers, this means:

  • More choices: A wider selection of homes to fit your needs and budget.

  • Less competition: With more listings, bidding wars are less intense.

  • Better deals: Sellers are more open to negotiations, giving you a chance to get the best value.

For sellers, it's still a favorable market:

  • Strong demand: Homes are still selling quickly, especially those priced right.

  • Attractive prices: Home values remain steady, ensuring a good return on your investment.

At Virginia 1st Realty Group, we're here to guide you through every step of the process. Whether you're buying your first home or selling your current one, our experienced agents are ready to help you navigate the market with confidence.

📍 Visit us at 915 S Church St in Smithfield or call 757-371-7011 to schedule a consultation. Let's make your real estate dreams a reality this spring!

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