Real Estate Market Watch – May 2014

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The Peninsula real estate market for May 2014:

  • Months supply of inventory is 5.7 months
  • Median sold price has decreased 1.8% over the last 12 months to $160,000
  • Average market time is down just slightly to 89 days
  • Percentage of sold price to list price is 98.11%
  • Closed sales up 6%!

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.