Summer arrives now with a mix of storm and Sun. And home sales are sizzling!
An interesting dilemma has developed across the country and in Chesapeake: homes are selling at a pace not seen since 2006 with homes available to sell dropping each month.
Yet, it remains an excellent time to purchase homes in Chesapeake and all of Hampton Roads. Home prices continue to rise gradually a buyer will win today when they buy
Homes are selling quickly in Chesapeake. Homes under $350,000 are under contract in 30 to 60 days in Chesapeake. I have seen more listings the in 2016 than normal. Yet, with my Chesapeake listings(as well as those in Virginia Beach and other cities) selling in 5-30 days lately, so more listings are needed.
As you can see from these national overviews, we have a direct conflict between inventory and sales. Chesapeake and Hampton Roads are definitely feeling this conflict.
With school out, families will be looking to move. So if ready to sell now is the time
Bright sunny days and warm temps of summer will only cause the market to heat up even more in Chesapeake and throughout Hampton Roads. Will you miss your opportunity to move before school starts???
Whether Chesapeake or Virginia Beach, listings are needed as buyers are snatching up low interest loans and finding their new home before Chesapeake prices go up. We have an approaching severe shortage in homes for sale(see graph). Sellers now is the time to call!
School will be out within a couple of months. Families will be looking to move due to various reasons.
Bright sunny days and warm temps will only cause the market to heat up more in Chesapeake and throughout Hampton Roads.. As the Spring rolls into Summer and school gets out, the market will only improve.
Remember 2006 in Chesapeake???? Market is there again.