Inventory Levels Are Dropping on the Virginia Peninsula

Inventory Levels Are Dropping on the Virginia Peninsula

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Inventory Levels Are Dropping on the Virginia Peninsula

Shrinking inventory on the Peninsula is pointing toward a strong Spring selling season.  What is currently going on in the real estate market?Peninsula real estate market

  • Months Supply of Inventory - 7.0
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - $161,000
     
  • % of Sold Price to List Price - 97.5%
     
  • Average Days on Market - 95.2
     
  • Closed Sales - up 2%

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

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Lynnette Tully
Lynnette Tully

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