How's the Market?

I get this question all the time as a real estate agent. Rather than taking one agent's word for how it is giving a general idea, it's better to look at the data, and there are some strong sources that I can point to for exactly that. First I'll share the median sales price, from the past year as well as since 2009 pulled directly from REIN MLS, the main Hampton Roads MLS. Then I'll share the median days on market. 


Zillow has graphs by zip code, city, and state, in a way that you won't find on most public websites. These graphs vary in terms of how far they go back, but they show approximate value through their Zillow "Home Value Index" which modifies for factors like standard deviation so that buyers and sellers can make better sense of what they're looking at. Here's an example with 23606. By dragging your cursor along the line it shows you the approximate values in most months available. To have the most months available with the greatest ease of navigation, it's best looked at on a large horizontal screen where every month is available within the year parameters & zooming can further enhance ease of use.

Once on that page, you can adjust your search criteria to cities, zipcodes, states, etc. is another solid resource specifically for Hampton Roads area sales. Their blog section includes articles like this one that help to break the market down by the numbers.