Pricing & Market Q&A

IS THE MARKET COOLING?

Yes, the market has cooled with buyer conditions improving since the 2021 - 2023 markets. Buyers currently have more options and negotiating power in transactions. There have also been some regions in Hampton Roads that have reported price declines as well.

WILL HOME PRICES DROP?

Home prices are not likely to see a drastic drop nationwide in 2026.

IS HAMPTON ROADS A SELLER’S MARKET?

Although it is still being called a seller’s market, it has been leaning toward a more transaction balanced friendly market.

HOW COMPETITIVE IS THE VIRGINIA BEACH MARKET?

Virginia Beach is currently a competitive housing market but it has been moving toward a more balanced and transactional friendly process especially for great conditioned homes. Buyer’s have more room to negotiate currently than in past years and sellers are still doing well if priced and marketed correctly.