Real Estate Market Watch – July 2014

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The Peninsula real estate market for July 2014:

  • Months supply of inventory is 7.0 months
  • Median sold price has held steady at 2.0% to $295,000
  • Average market time has dropped to 56 days!
  • Percentage of sold price to list price is 97.9%
  • Closed sales down 6.1%

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.