Real Estate Market Watch – March 2014

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

March 2014

The Peninsula real estate market for March 2014 shows some interesting trends:

 

 

  • Months supply of inventory is 6 months
  • Median sold price has decreased 12.5% over the last 12 months to $152,500
  • Average market time is 101 days
  • Percentage of sold price to list price is 96.98%
  • Closed sales are also down 25.4%

 

 

 

 

 

 

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.