Increases All Around

The Hampton Roads market hit a median list price of $300,000 over the last week in April. Keep in mind that it was only one week, and it was the list price, not the final sales price. April’s median sale price was $285,000, which is an almost 12% increase from April...

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April is Hopping

March was roaring and April is hopping! April is normally one of the busiest months in the real estate world and, based on a local study we did a few years ago, it is the month when the largest number of new homes are listed. This chart shows just how...

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February 2021

A Lot of Different Opinions Last month we wrote about the snow and now I am writing this with my window open to enjoy the sunshine. I enjoy snow so much that I am known to track multiple weather forecasts in hopes of seeing it on the way but it seems that, at least...

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Let it Snow!

We enjoyed the first snowfall of the year in Hampton Roads last week and are expecting more this weekend and, at least in my household, excitement levels have been through the roof! The local real estate market is just as exciting right now, with sellers experiencing...

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December Monthly Update

In October we pointed out that it was the first time in our memory that all of the major statistics we track had double digit percentage changes based on year over year numbers. This month’s update also has them solidly in double digit territory. Here is the...

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We Are In Double Digit Territory

For the first time in our memory all of the major statistics we track have double digit percentage changes based on year over year numbers.  Here is the chart that compares September 2020 to September 2019: This chart isn't that different than last month, but last...

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2006 All Over Again?

Do you realize 2006 was so long ago that the iPhone wasn't even introduced?  That back in 2006 Lee had only had his real estate license for four years, but like now, the local real estate market was on fire.  Take a look at this month's chart showing how...

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A Needle In A Haystack?

Some buyers are starting to feel that finding a house for sale is beginning to approach a needle in the haystack level of difficulty in this market.  Multiple offers are very common, especially for houses under $300,000, and it isn't unusual for a home to sell within...

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The Overwhelming Numbers & Trivia Question

We have all been overwhelmed by numbers in 2020.  The stock market went up, then way down, and now back up again.  COVID cases were going up, then down, and now are on the rise again.  The local real estate market also has had its share of fluctuations, but thankfully...

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The Real Estate Market Isn’t Shut Down

Last month we wrote about the effects of COVID-19 and lower number of homes for sale across Hampton Roads.  You can read it by clicking this link: https://www.callcrossrealty.com/2020/05/01/lee-and-harrys-real-estate-update/ The decline in active listings has...

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Specializing in properties in South Hampton Roads, Virginia.