đź“Š Early July Market Update: Hampton Roads Real Estate Snapshot
Summer continues to shape the Hampton Roads housing market, showing signs of healthy activity and strategic adjustments in both buyer and seller behavior. At Virginia 1st Realty Group, we're following the numbers to help you navigate what's next.
🔍 Key Market Data
June Median Home Price in Hampton dropped to $294,900, down 4.8% from May—though inventory went up 3.5% month-over-month virginia1strealty.comdatainsightsmarket.com+1virginia1strealty.com+1rocket.com.
Active Listings in Hampton grew to 907 homes—a modest but welcome rise in choice .
Homes Sold or Pending fell 18.5% to 163, showing a seasonal slowdown rocket.com.
Average Days on Market stayed around 31 days, down 7.7% from May rocket.com.
Region-wide, active listings in Hampton Roads—including Newport News, Norfolk, and Chesapeake—are up about 23.7% year-over-year with average market times near 18 days cushmanwakefield.com+10virginiabusiness.com+10wtkr.com+10.
🏡 What This Means for You
For Buyers:
Prices dipped slightly in June—but improved inventory gives you more options.
Homes are selling in about a month—ready offers and local insight will help you move fast.
For Sellers:
Homes are still moving steadily—just be mindful of pricing strategy and marketing timing.
June dip shows market fluctuations—but July usually brings renewed interest.
đź’ˇ Why Local Strategy Still Wins
Markets like Smithfield, Suffolk, and Hampton each have their own rhythms. At Virginia 1st Realty Group, our team lives in these neighborhoods, understands the seasonal shifts, and helps you make smart timing decisions:
Buyers get alerts on new listings before they appear widely
Sellers lean on expert staging and marketing to keep properties fresh and visible
📍 Let’s chart your real estate journey together. Call us at 757‑371‑7011 or visit 915 S Church St, Smithfield. Whether you're buying, selling, or planning ahead, we’ll help you move with purpose this summer.
