Hampton Roads For-Sale Residential Price Bands
The bulk of resales in the market are priced below $250,000. This
market is fairly recovered, with less than six months inventory, which
would be considered stable. There is relatively little activity and
inventory between $300,000 and $500,000. There is approximately six
months of supply for homes under $500,000. The top of the market is
less well-balanced, as active listings are double that of post six month
sales and there is almost twice the months of supply compared to
lower-priced homes.
2,500
Months of Supply, Active Listings, and Post Six Month Sales
Hampton Roads Area; August 2013
2,000
1,500
Units
5
7
6
5
6
6
6
7
13
500
1,000
0
<$100k
$101k-$150k $151k-$200k $201k-$250k $251k-$300k $301k-$350k $351k-$400k $401k-$500k
$501k+
Active Listings Sales - Past 6 Months Months of Supply
Dominion Boulevard | City of Chesapeake | April 11, 2014 | E4-11982.40
47
Source: Rose and Womble
