Local Market0 views · 1 answer
How competitive is the Virginia Beach-Chesapeake-Norfolk housing market?
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
Virginia Beach-Chesapeake-Norfolk is soft for sellers as of August 2026, with a Sold Score of 23/100 (Difficult Selling Environment).
**Pending ratio** is 0.09 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +12.2% — more choices for buyers than a year ago.
**Median days on market** is 40. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 34.8% of active listings — above 25% signals sellers are widely overshooting list price.
— 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%