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...

In October we pointed out that it was the first time in our memory that all of the major statistics we track had double digit percentage changes based on year over year numbers. This month’s update also has them solidly in double digit territory. Here is the...

For the first time in our memory all of the major statistics we track have double digit percentage changes based on year over year numbers.  Here is the chart that compares September 2020 to September 2019: This chart isn't that different than last month, but last...

Do you realize 2006 was so long ago that the iPhone wasn't even introduced?  That back in 2006 Lee had only had his real estate license for four years, but like now, the local real estate market was on fire.  Take a look at this month's chart showing how...

Some buyers are starting to feel that finding a house for sale is beginning to approach a needle in the haystack level of difficulty in this market.  Multiple offers are very common, especially for houses under $300,000, and it isn't unusual for a home to sell within...