Last month we asked this question: Is local demand cooling off? This month we have some statistics suggesting that the local housing market is slowing down a hair, but if you are driving down the highway at 100 miles per hour, is going 97 miles per hour really slowing...

Lee Cross Real Estate Update

Steady, Steady . . . Last month we asked the question: Is the local real estate market changing? Based on the latest year over year (August 2020 compared to August 2021) statistics, our answer is still no, the market isn’t changing. For last month’s entire...

Is the real estate market across Hampton Roads really changing or are the numbers misleading? Let’s start with the latest year over year (July 2020 compared to July 2021) statistics found here: An argument could be made that the market is “slowing down” but we aren’t...

This weekend I (Lee) was visiting friends who are also past clients. They bought a new home in 2019 but made the joke that even though they had been too busy to get their old home ready for sale, it will be to their benefit because prices have increased so much over...

The Hampton Roads market hit a median list price of $300,000 over the last week in April. Keep in mind that it was only one week, and it was the list price, not the final sales price. April’s median sale price was $285,000, which is an almost 12% increase from April...

The Hampton Roads market hit a median list price of $300,000 over the last week in April. Keep in mind that it was only one week, and it was the list price, not the final sales price. April’s median sale price was $285,000, which is an almost 12% increase from April...

March was roaring and April is hopping! April is normally one of the busiest months in the real estate world and, based on a local study we did a few years ago, it is the month when the largest number of new homes are listed. This chart shows just how...

A Lot of Different Opinions Last month we wrote about the snow and now I am writing this with my window open to enjoy the sunshine. I enjoy snow so much that I am known to track multiple weather forecasts in hopes of seeing it on the way but it seems that, at least...

We enjoyed the first snowfall of the year in Hampton Roads last week and are expecting more this weekend and, at least in my household, excitement levels have been through the roof! The local real estate market is just as exciting right now, with sellers experiencing...