2019 Market Stats
Check out some market stats on the Peninsula! The data features averages for Yorktown, Poquoson, Hampton, and Newport News!
Why is it important to know your local real estate market?
By knowing your real estate market you are able to better understand your community, changes in trends, sales prices, and investments. It also allows you to be a more empowered buyer or seller! Understanding market averages can determine the direction of the market and when the best time is to buy or sell. It also can determine the best time to make updates and repairs to your property!
See what the market is like in your area!
Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower. Average is the mean sales price for all closed sales in a given month.
Median or average number of days between when a property is listed and when an offer is accepted in a given month.
Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower, divided by the number of finished square feet. Average is the mean sales price for homes sold in a given month divided by the number of finished square feet.
The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months. This is also known as absorption rate.
If you are interested in finding out stats on your specific neighborhood we would be happy to help!
Data collected from REIN 2018-2019
