Real Estate Market Watch – October 2014

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LMA_info-nn-10-14The Peninsula real estate market for October 2014:

  • Months supply of inventory is 7.3 months
  • Median sold price has dropped over the past 12 months to %162,000
  • Average market time has increased to 98.3 days
  • Percentage of sold price to list price is 97.6%
  • Closed sales up 3%

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.