We Don’t Have a Crystal Ball

We are going in a different direction with this month's update.  We have put the summary chart at the bottom of this email, and if we had written this two weeks ago our theme would have been that prices seem to be going up and that inventory is tight. ...

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Snow and Home Sales are both Piling Up

We hope you are warm and enjoying what is left of the snow.  Lee was greeted at home Thursday by some very excited girls armed with snowballs!   Lots of fun was had by all, and the day ended with hot chocolate. Sellers are also having some fun in this...

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2019 Year in Review and 2020 Predictions

Happy New Year! We hope that each of you enjoyed the holiday season and wish you the best in the new year. This email will be a little longer than normal since we are going to go over the past market and what that may mean in 2020. We have included several charts from...

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Selling Homes and Setting Records

The numbers from Real Estate Information Network (our local MLS) are in for last month and they show some large year over year swings.  As you can see on the chart below 30% more homes went under contract in September 2019 than in September 2018. Check out the...

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Market Summary

Selling Homes and Setting Records Selling a house for top dollar is always a team effort between the realtor and the seller and the work starts well before the listing hits the market.  Recently, we worked with a seller that wanted to sell but was not quite ready to...

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Want to See Something That Will Make Sellers Smile?

If we were going to make up statistics about our local real estate market that would make a seller happy, they would look something like this: We didn't make these numbers up! They are the actual numbers from the Real Estate Information Network (our local MLS).  The...

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Who Can Handle Heat and Trivia Question

Who Can Handle Heat and Trivia Question Summer is here, both literally and figuratively in the real estate market.  It is sunny and hot outside and our local sales market continues to heat back up as well.  Based upon statistics from the Real Estate Information...

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Is the Trend at an End?

Over the last couple of updates we have been writing about the months of supply (total number of homes listed for sale divided by the number of homes that go under contract that month) decreasing and the number of homes selling each month increasing.  Both of these...

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Rainy Weather But A Sunny Housing Market!

The ten day forecast is showing that we are in for a lot more rain.  While we can't make the clouds go away, we can report a bright and sunny outlook for the housing market.   Statics from the Real Estate Information Network (our local MLS) showed that of all of the...

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Summertime and the Housing Market is Fine!

I love summertime. The days are longer, kids are out of school, people seem to be happier overall, and houses are selling. Across Hampton Roads 9.36% more homes were sold in May 2018 than in May 2017, and even more impressive, the number of homes that went under...

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Specializing in properties in South Hampton Roads, Virginia.