🌊 Hampton Roads Real Estate: Mid-June Market Update & Strategic Tips
As summer heats up, so does the Hampton Roads housing market—bringing both opportunity and shifting dynamics. At Virginia 1st Realty Group, we’re tracking local trends to help you navigate with confidence.
đź“Š What the Numbers Say
Median home prices in Hampton Roads hit a record high of $368,900 in May, up 4.7% from a year ago virginia1strealty.comdatainsightsmarket.com+5virginiabusiness.com+5virginia1strealty.com+5.
Inventory levels are increasing—active listings rose 23.7% year-over-year to 5,276 homes—meaning buyers now have more options virginiabusiness.com.
Even with more homes available, the market remains competitive: the median days on market is just 18 days—down slightly from April hampton.gov+6virginiabusiness.com+6rocket.com+6.
đź’ˇ What It Means for You
For Buyers:
✔️ More homes to choose from—but fast action is still key with a median close time under 3 weeks.
✔️ Leverage new inventory—strategic timing helps you find hidden gems.
✔️ Negotiate smartly—ethical with sellers in a still-sturdy market.
For Sellers:
💲 Step into a seller’s market—prices are high and competition is real.
📸 List with intention—price it right and present it well to attract top offers fast.
🧹 Clean and update regularly—18-day average market time means staging and upkeep still matter.
đź’Ľ Why Local Knowledge Makes a Difference
Hampton Roads is diverse—from coastal Virginia Beach to bustling Norfolk and historic Smithfield. At Virginia 1st Realty Group, our agents understand each area’s unique vibe, school systems, commute patterns, and community feel.
We help you:
Match your budget to the right seasonal opportunities
Position homes with targeted marketing and professional photography
Navigate offers with clarity and guidance
📍 Ready to talk strategy? Call us at 757‑371‑7011 or stop by our office at 915 S Church St in Smithfield. Let’s make your move—whether buying or selling—get you the best outcome this summer.
