Local Market0 views · 1 answer
Are buyers active in Virginia Beach-Chesapeake-Norfolk?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 26/100
- YoY Difficult Selling Environment
- Pending ratio
- 0.14
- YoY contracts vs active
- Inventory YoY
- +0.1%
- YoY active listings
- Median DOM
- 33
- YoY days on market
- Price cuts
- 27.4%
- YoY of active listings
Buyer demand in Virginia Beach-Chesapeake-Norfolk is **cautious** as of May 2026. The pending ratio is 0.14 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 33 days to go under contract. Active inventory is +13.7% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 27.4% of listings have cut price. Overall, the Primpted Sold Score for Virginia Beach-Chesapeake-Norfolk is 26/100 (Difficult Selling Environment).
— Live indicators (May 2026): Sold Score: 26/100 (Difficult Selling Environment) · Pending ratio: 0.14 · Inventory YoY: +13.7% · Median days on market: 33 · Sellers cutting price: 27.4% · Median listing price: $439,100 (+5.8% YoY)
Virginia Beach-Chesapeake-Norfolk snapshot
As of the latest 2026 data- Median listing
- $439K
- YoY +0.1%
- Active inventory
- 5,234
- YoY +0.1%
- Median DOM
- 37
- YoY -0.0%
- Pending ratio
- 0.13
- YoY +0.0%
- Price-reduced
- 18.5%
- YoY -0.0%