Steady, Steady . . .
Last month we asked the question: Is the local real estate market changing? Based on the latest year over year (August 2020 compared to August 2021) statistics, our answer is still no, the market isn’t changing. For last month’s entire update, CLICK HERE.
It might seem that the local demand from buyers is cooling off a hair, but as you can see from the chart, the number of homes listed for sale is still decreasing and the number of homes selling is increasing based on year over year numbers. At some point that trend will change, but for now we feel we are still in a very strong sellers market.
The majority of homes are still going under contract within two weeks of being listed and the median sales price is up 12.1% since the beginning of this year. I would be surprised if that trend doesn’t continue when the numbers for the next couple of months are finalized.
These statistics represent averages across Hampton Roads and your individual real estate needs might be different. If you are thinking about moving and you would like to discuss your personal real estate needs, please reply to this email, or give us a call (757-726-7653 for Lee, 757-434-9084 for Harry). We love talking real estate, so don’t hesitate to give us a call if you have questions.
Thanks,
Lee and Harry
It’s Time For The Peanut Festival!
43rd Annual Suffolk Peanut Festival
It’s back and it”s better than ever! Known for its fun family activities, amusement rides, games, concerts, fireworks, shrimp feast, and demolition derby, the 43rd Annual Penaut Fest is back. Visit the Swamp Roar Motorcycle Rally, pony rides, straw maze, arts & crafts, and monster truck rides. Get in the game with peanut butter sculpting, kiddie fun, corn hole, karaoke, and so much more!
The fun starts on Friday, October 8, and runs through Sunday, October 10.
General admission is $10 per person; Children 10 & under are free. Parking is free.
| Driver Days Fall Festival |
Celebrating it’s 28th year, the Driver Days Fall Festival offer two days full of free family fun, including: Entertainment, Carnival Games, Pony & Train Rides, Food, Car Show, Parade, Crafters & Food Vendors, and more!
Free parking is available at Titan Contractors on Nansemond Parkway. $5 parking is available at Berea Christian Church.
Saturday, October 16:
10am – 6pm
Sunday, October 17:
11am-5pm
For more information, visit DriverEvents.com.
