Real Estate Market Watch – April 2014

/ , / , , , , , , , , , , , , , , , , , , /

LMA_info-nn-4-14

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 alyssagodwin@lizmoore.com. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.