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 experiencing very weak demand absorption, with a pending ratio of 0.11 indicating a significant imbalance between pending listings and available inventory. Active listings currently stand at 5,406, further emphasizing the supply overhang in the market.
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 · Jun 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 2022
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) · Jun 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.
The market continues to exhibit a notable slowdown, with the pending ratio registering at 0.11, signaling severely lagging demand relative to supply. While the median listing price has maintained stability month-over-month, it has seen a 5.8% increase year-over-year. Active listings have expanded by 7.7% over the past year, contributing to an elevated supply environment, while new listings grew by 3.1% year-over-year. The proportion of price-reduced listings has decreased slightly by 1.8 percentage points year-over-year, but still represents a substantial 21.6% of the market.
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
With a pending ratio of 0.11, the market is characterized by a significantly slower pace of transactions. The elevated inventory levels, marked by a 7.7% year-over-year increase in active listings, exert considerable pressure on pricing, requiring greater price discipline from sellers. Negotiating leverage in this environment is heavily influenced by the substantial supply, leading to extended market times and increased buyer optionality.
The average listing price of $559,726 is notably higher than the median listing price of $439,000, indicating a potential divergence in price performance across different tiers of the market. This spread, coupled with a 4.9% year-over-year increase in average price compared to a 5.8% increase in median price, suggests some softening at the higher end. However, a definitive trend for the luxury segment cannot be fully determined from the current dataset alone.
5,406 active listings represent the current floor, with new supply arriving at roughly 2,754 per month.
of active listings carry a price reduction, -1.8% from prior period.
Median price per square foot has moved +3.0% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Virginia Beach-Chesapeake-Norfolk, VA-NC? Buyer Demand Index is running at 11%.
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
- 11%
- Median Days on Market
- 39 days
- Inventory YoY
- +8%
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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