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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Lee and Harry’s Real Estate Update

In the over 65 years that Cross Realty has operated under the leadership of my grandfather, and now myself and my father; we have encountered many situations that have impacted our local real estate market in interesting ways. In uncertain times, we have been able to...

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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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Specializing in properties in South Hampton Roads, Virginia.