📈 Mid-June Market Pulse: Hampton Roads Real Estate
Summer’s in full swing, and the Hampton Roads real estate market is steady and strong. At Virginia 1st Realty Group, we’re keeping a close eye on trends to help you stay one step ahead.
🔝 What the Data Shows
Record-high median prices: Homes in Hampton Roads hit a new record of $368,900 in May—up ~4.7% year-over-year virginia1strealty.comreinmls.com+2virginia1strealty.com+2virginiabusiness.com+2.
More homes for sale: Active listings in May reached 5,276, marking a 23.7% jump over last year virginia1strealty.com+1reinmls.com+1.
Still a seller’s market: Homes sold fast, with the median time on market hovering around 18 days—reflecting strong demand instagram.com+14virginia1strealty.com+14virginia1strealty.com+14.
🏠 What This Means for You
For Buyers:
✔️ More listings = more choices.
✔️ But prices are high—come prepared with a strong offer.
✔️ Move quickly—smart buyers are winning homes in under three weeks.
For Sellers:
💰 It’s a sellers’ market—demand is strong.
📸 With the right presentation and price, your home can sell quickly.
🧹 Maintain great curb appeal and showcase your home’s best at all times.
🧭 Why Local Experience Matters
Hampton Roads includes all types of neighborhoods—from coastal Virginia Beach to suburban Suffolk and historic Smithfield. At Virginia 1st Realty Group, our in-market agents know the local nuances—whether it's school ratings, commute routes, or hurricane prep.
We help buyers and sellers by:
Matching clients with homes that fit both lifestyle and budget
Pricing homes strategically based on real data
Guiding negotiations with clarity and confidence
📍 Let’s talk strategy. Stop by our office at 915 S Church St in Smithfield or call us at 757‑371‑7011. Whether you’re buying or selling, we’ve got the tools—and local know-how—to get you the best result this summer.
