Virginia Beach-Chesapeake-Norfolk, VA-NC
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very weak Virginia Beach-Chesapeake-Norfolk market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Virginia Beach-Chesapeake-Norfolk, VA-NC.
The Virginia Beach-Chesapeake-Norfolk metro area is currently characterized as Very Weak, with a pending ratio of 0.09 indicating significant demand absorption challenges relative to available inventory. Active listings have expanded by 12.2% year-over-year, further contributing to supply pressure.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Virginia Beach-Chesapeake-Norfolk market right now.
Inventory levels in the Virginia Beach-Chesapeake-Norfolk metro area have expanded significantly, with active listings up 12.2% and new listings increasing by 12.9% over the past year. Concurrently, the pending ratio declined by 0.3 percentage points year-over-year to 0.09, reflecting a marked slowdown in transactional velocity. Despite these supply-side dynamics, the median listing price has demonstrated a 5.1% year-over-year increase, though it saw a minor 1.1% month-over-month contraction.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
In the current environment, the elevated inventory relative to pending transactions suggests a market where sellers face significant pressure regarding the pace of sales and price discipline. Buyers are likely to find an environment conducive to more deliberate decision-making, with extended marketing periods for properties providing increased negotiating leverage. The low pending ratio highlights the substantial imbalance between available supply and current demand.
The average listing price increased by 4.7% year-over-year, slightly trailing the 5.1% year-over-year growth in the median listing price. This indicates a general market trend without a distinct signal of luxury-segment softness in this dataset.
5,712 active listings represent the current floor, with new supply arriving at roughly 2,840 per month.
of active listings carry a price reduction, -0.2% from prior period.
Median price per square foot has moved +2.9% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Virginia Beach-Chesapeake-Norfolk, VA-NC? Inventory is up 12% from last year.
Buyers have leverage in Virginia Beach-Chesapeake-Norfolk, VA-NC. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 9%
- Median Days on Market
- 40 days
- Inventory YoY
- +12%
In a buyer's market, strategy beats timing. See how your home scores in Virginia Beach-Chesapeake-Norfolk, VA-NC and what moves the number.
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