Is now a good time to sell in Virginia Beach-Chesapeake-Norfolk?

Probably not, unless you need to move. The Sold Score for Virginia Beach-Chesapeake-Norfolk is 23/100 in August 2026 (Difficult Selling Environment) — homes still close, but you'll likely accept a longer timeline or a lower price than a year ago. Pending ratio is 0.09 — the higher this is, the faster contracts come in relative to standing inventory. Active inventory is up +12.2% year over year, expanding the pool you're competing in. Median days on market sit at 40. 34.8% of active listings have already reduced asking 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)