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| SEPTEMBER 2025 | |||
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| Units Sold 505 |
Active Inventory 757 |
Median Sale Price $405,000 |
Days On Market 28 |
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| Up 15% Vs. Year Ago |
Up 13% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 505 sold this month in Virginia Beach City Real Estate versus 555 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 15% versus September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 88 units or 13%. The total number of active inventory this September was 757 compared to 669 in September 2024. This month's total of 757 is lower than the previous month's total supply of available inventory of 917, a decrease of 17%. |
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Median Sale Price
Last September, the median sale price for Virginia Beach City Homes was $381,000. This September, the median sale price was $405,000, an increase of 6% or $24,000 compared to last year. The current median sold price is 1% higher than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 603 |
Current Contracts 630 |
Sold Vs. List Price 100.0% |
Months of Supply 1.5 |
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| Up 7% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 0.6% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In September, there was 1.5 months of supply available in Virginia Beach City. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 603 homes newly listed for sale in Virginia Beach City compared to 561 in September 2024, an increase of 7%. There were 630 current contracts pending sale this September compared to 570 a year ago. The number of current contracts is 11% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Virginia Beach City was 100.0% of the average list price, which is 0.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 28, higher than the average last year, which was 25, an increase of 12%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by REIN and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of REIN or Long & Foster Real Estate, Inc. |
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