We have been saying for weeks that there were far, few, and in between a low number of homes for sale in our Hampton Roads real estate market. Even the media has been steadfast in saying that home sales are WAAY down to the previous year's numbers. The numbers spell out one story but agents across Hampton Roads see it so vastly different and in today's market recap on the Moving To Norfolk Podcast we discuss the latest news release that now depicts that there is a low inventory of homes available for sale in the Virginia Beach market, we discuss why this may be and how it actually can spill over into the rental market across Hampton Roads. We also provide you with our weekly insight on what is moving and shaking in our local real estate market as we have seen an increase of 3% across the board in average sold, average sold, and average price per square foot in Hampton Roads. So whether you live in Virginia Beach, Norfolk, Chesapeake, Suffolk, Portsmouth, Hampton, or Newport News this podcast has you covered.

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00:00 Intro

01:04 Low Number of Homes For Sale in Virginia Beach

13:00 Hampton Roads Market Update 6.29.2023

13:43 New Listings Down This Week Throughout Hampton Roads

15:12 Pending / Sold Transactions Rise Again in Hampton Roads

18:14 Multi-Family New Listings Increase in Hampton Roads

19:42 Stats To Know This Week in Hampton Roads

25:14 Outro

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LINKS:

Low Number of Homes For Sale In Virginia Beach Article: https://www.wavy.com/video/low-number-of-homes-for-sale-in-virginia-beach/

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