🏡 May Market Momentum: Hampton Roads Real Estate Update
Happy Monday! As we step into May, the Hampton Roads housing market continues to show steady growth and increased activity. Whether you're considering buying or selling, now is a great time to make your move.
Key Highlights:
Rising Home Prices: The year-to-date median home price in Hampton has increased by $16,000, reaching $345,000—a 4.6% rise compared to last year. This uptick reflects strong buyer demand in the area, driven by military employment, port activity, and a growing interest in coastal living. Virginia REALTORS®
Increased Inventory: 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. Virginia 1st Realty Group
Strong Demand: Homes are still selling quickly, especially those priced right. Home values remain steady, ensuring a good return on your investment. Virginia 1st Realty Group
At Virginia 1st Realty Group, we're committed to helping you navigate this dynamic market. Our experienced agents are ready to provide personalized guidance, whether you're buying your first home or selling your current one.
đź“Ť Visit us at 915 S Church St in Smithfield or call 757-371-7011 to schedule a consultation. Let's make your real estate goals a reality this spring!
