Local Market0 views · 1 answer
Are buyers active in Virginia Beach-Chesapeake-Norfolk?
P
Primpted Housing Analyst
Updated monthly · Data through August 2026 · v268
- Sold Score
- 23/100
- YoY Difficult Selling Environment
- Pending ratio
- 0.09
- YoY contracts vs active
- Inventory YoY
- +0.1%
- YoY active listings
- Median DOM
- 40
- YoY days on market
- Price cuts
- 34.8%
- YoY of active listings
Buyer demand in Virginia Beach-Chesapeake-Norfolk is **cautious** as of August 2026. The pending ratio is 0.09 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 40 days to go under contract. Active inventory is +12.2% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 34.8% of listings have cut price. Overall, the Primpted Sold Score for Virginia Beach-Chesapeake-Norfolk is 23/100 (Difficult Selling Environment).
— Live indicators (August 2026): Sold Score: 23/100 (Difficult Selling Environment) · Pending ratio: 0.09 · Inventory YoY: +12.2% · Median days on market: 40 · Sellers cutting price: 34.8% · Median listing price: $434,000 (+5.1% YoY)
Virginia Beach-Chesapeake-Norfolk snapshot
As of the latest 2026 data- Median listing
- $434K
- YoY +0.1%
- Active inventory
- 5,712
- YoY +0.1%
- Median DOM
- 40
- YoY -0.0%
- Pending ratio
- 0.09
- YoY -0.0%
- Price-reduced
- 22.6%
- YoY -0.0%