Here is the latest Hampton Roads real estate market report from our research team at Rose & Womble Realty Company. In the Hampton Roads market, close to 2,000 homes were sold in August. This is 6.5% down from July 2014 and 6.6% down from the previous year. According to our research it would take 6.4 months to absorb all the inventory in the current Hampton Roads’ real estate market. Absorption Rate is the rate at which a market absorbs or eliminates inventory.
For a more detail explanation of where your home sits in the market, the best and first step is to speak to one of our Resale Agents. Together with our research and their detail knowledge of your city, neighborhood, and even street he can explain your home’s value and help create a plan to get your home sold. It’s one of the reasons why Rose & Womble is number one in Hampton Roads for selling houses. To set up an appointment visit our website RoseandWomble.com.