Realty Times - Virginia Beach, Virginia Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Virginia Beach

Market Conditions Summary for Virginia Beach, Virginia

Reported by

Catherine Kowalsky
as of 2/8/2012:

Market is increasing! Its still a terrific buyers market right now. Interest rates are great, plenty of houses to choose from, and sellers are assisting with closing cost. If your thinking of buying a home, now is the time. I am an Accredited... MORE->
About Catherine Kowalsky

Reported by

Chuck Evans
as of 2/1/2012:

Our current market continues to side with the buyer - sellers are offering closing cost assistance and other incentives to help entice the buyer to purchase their home. Market times are starting to decrease-under 30 days for the better properties-,... MORE->

Reported by
Kathy Westcott
as of 11/8/2011:

October showed the first overall balanced reading in over three years. There is a housing inventory of 7.85 months which is considered a balanced market, characterized by neither extreme upward or downward pressure on prices. Although the decrease... MORE->

Reported by
Chris Carlson
as of 4/13/2011:

Still a strong Buyer's market in Virginia Beach, Chesapeake and surrounding cities. Buyers are scooping up some great deals and getting all their closing costs paid in full. Foreclosures and short sales still bringing down home prices in most... MORE->

Reported by
Chris Carlson
as of 2/16/2011:

As a Buyer's agent, I can say that we are still in a strong Buyer's market. Several of my buyers are scooping up foreclosure, bank owned and private Seller deals. Market is picking up... MORE->

Average Current Market Rating: 1.6 (5 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.4 (5 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Virginia Beach

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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