"In July, home prices rose moderately from the month before, with a median listing price of $449,950. The number of listings on the market grew 3.5% from last month, which is a smaller increase than normal for this time of the year in Virginia Beach, and homes are also selling slower than at the same time last year."
"In July, there were 903 homes for sale in Virginia Beach, which was 3.5% more than the month before and 34.2% more than the same time last year. Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787. The number of new listings in Virginia Beach was 636, which was 12.0% more than the month before and 7.1% more than the same time last year. Homes in Virginia Beach take an average of 34 days to sell, according to July figures."
In July, Virginia Beach median listing price was $449,950, reflecting a moderate month-over-month increase. Price per square foot in Virginia Beach rose 0.3% month-over-month while national price per square foot fell 0.9%. Active inventory in Virginia Beach reached 903 homes, up 3.5% month-over-month and 34.2% year-over-year. New listings numbered 636, increasing 12.0% month-over-month and 7.1% year-over-year. National active inventory rose 1.9% to 1,102,787 and national new listings declined 3.9% to 434,816. Average time on market in Virginia Beach was 34 days; national average was 58 days.
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