The Peninsula real estate market for April 2014:
- Months supply of inventory is 5.9 months
- Median sold price has decreased 11.5% over the last 12 months to $156,750
- Average market time is down just slightly to 93 days
- Percentage of sold price to list price is 97.07%
- Closed sales up 4%!
Despite the declining sales price, more homes are selling and the average market time for is dropping. In summary, homes going under contract are selling!
Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding buying or selling contact Alyssa at 757-329-6161 or firstname.lastname@example.org. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.