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