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MARKET INDICATORS REPORT
DECEMBER
2020
Virginia Peninsula Market Indicators Report
Dec-20 Indicator
55.0% 789 Sales
-11.9% 347 Pending Sales
10.1% 478 New Listings
8.3% $324,900 Median List Price
9.6% $325,000 Median Sales Price
9.0% $174 Median Price Per Square Foot
65.8% $209.3 Sold Dollar Volume (in millions)
0.0% 100.0% Median Sold/Ask Price Ratio
-33.6% 34 Average Days on Market
30-YR Fixed 2.79 % -27.0% 1,192 Active Listings
15-YR Fixed 2.23 % -43.9% 1.5 Months of Supply
5/1-YR ADJ. 3.12 %JAN 2006 JAN 2021
January 14, 2021
YoY Chg
Virginia Peninsula Market Dashboard
Key Market Trends: December 2020
INTE
REST
RATE
TRAC
KER
Very busy end to 2020 in the Virginia Peninsula region. Largest sales gain inmore than 5 years, big jump in townhome and condo sales. Sales activitycontinues to surge in the Virginia Peninsula housing market. There were 789 salesin December, 280 more sales than last year, which is a 55.0% spike. All localmarkets had more sales this month. Notably, there were 130 townhome andcondo sales in the region which is 60 more than last year. Most of the additionaltownhome and condo sales were in Hampton and Newport News.
Pending sales continue to trend down in the region. There were 347 pendingsales across the Virginia Peninsula footprint in December, 47 fewer than last year(-11.9%). Hampton had the largest decline (-30.1%), while Newport News was theonly local market with an uptick in pending sales this month (+8.2%).
Home prices are climbing throughout the Virginia Peninsula market. At$325,000, the December median sales price in the region rose 9.6% from lastyear, a gain of more than $28,000. The December median sales price in Poquosonwas notably strong, rising $56,000 from last year (+17.0%). Home prices wererelatively flat in York County this month (+0.7%).
Inventory is getting tighter in the region; however, first uptick in newlistings since January. There were 1,192 active listings in the Virginia Peninsulaarea at the end of December, 440 fewer listings than last year (-27.0%). Therewere 478 new listings this month, 44 more than a year ago (+10.1%). Most of theadditional listings were in Newport News and Isle of Wight County.
Sources: Virginia REALTORS®, data accessed January 15, 2021, Federal Reserve Bank of St. Louis 2
Report Index
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Area Overview - Total Market YTD -------------------------------------------------------------------
Area Overview - Single-Family Detached Market -----------------------------------------------
Area Overview - Single-Family Detached Market YTD ----------------------------------------
Area Overview - Townhome & Condo Market ---------------------------------------------------
Area Overview - Townhome & Condo Market YTD --------------------------------------------
Median Sold to Ask Price Ratio -----------------------------------------------------------------------
Average Days on Market --------------------------------------------------------------------------------
Active Listings -----------------------------------------------------------------------------------------------
Months of Supply -----------------------------------------------------------------------------------------
Area Overview - Total Market -------------------------------------------------------------------------
Sold Dollar Volume ---------------------------------------------------------------------------------------
Market Activity - Virginia Peninsula Footprint ---------------------------------------------------
Total Market Overview ----------------------------------------------------------------------------------
Single-Family Detached Market Overview --------------------------------------------------------
Townhome & Condo Market Overview ------------------------------------------------------------
Sales -----------------------------------------------------------------------------------------------------------
Pending Sales -----------------------------------------------------------------------------------------------
New Listings -------------------------------------------------------------------------------------------------
Median List Price ------------------------------------------------------------------------------------------
Median Sales Price ----------------------------------------------------------------------------------------
Consumers Should Consult with a REALTOR®.Buying or selling real estate, for a majority of consumers, is one of the most important decisions they will make. Choosing a real estate professional continues to be a vital part of this process.
Identify a Professional to Manage the Procedure.REALTORS® are well-informed about critical factors that affect your specific market area – such as changes in market conditions, consumer attitudes and interest rates.
Are You Ready to Buy or Sell Real Estate? Contact an experienced REALTOR®.
3
Market Activity - Virginia Peninsula Footprint
Jurisdiction % Chg
Hampton 52.5%
Isle of Wight County 79.2%
Newport News 72.1%
Poquoson 23.5%
York County 23.8%
Virginia Peninsula 55.0%509 789
Total Sales
179 308
17 21
105 130
Dec-19 Dec-20
160 244
48 86
+72.1%
+23.5%+23.8%
+79.2%
+52.5
Source: Virginia REALTORS®, data accessed January 15, 2021 4
Total Market Overview
Key Metrics Dec-19 Dec-20 YoY Chg YTD 2019 YTD 2020 YoY ChgDec-18 Dec-20
Sales 509 789 55.0% 6,750 7,481 10.8%
Pending Sales 394 347 -11.9% 6,648 4,551 -31.5%
New Listings 434 478 10.1% 9,115 7,592 -16.7%
Median List Price $299,900 $324,900 8.3% $215,000 $230,000 7.0%
Median Sales Price $296,660 $325,000 9.6% $213,000 $230,000 8.0%
Median Price Per Square Foot $159 $174 9.0% $133 $141 6.5%
Sold Dollar Volume (in millions) $126.2 $209.3 65.8% $1,569.8 $1,888.5 20.3%
Median Sold/Ask Price Ratio 100.0% 100.0% 0.0% 100.0% 100.0% 0.0%
Average Days on Market 51 34 -33.6% 58 43 -25.7%
Active Listings 1,632 1,192 -27.0% n/a n/a n/a
Months of Supply 2.7 1.5 -43.9% n/a n/a n/a
2-year Trends
Source: Virginia REALTORS®, data accessed January 15, 2021 5
Single-Family Detached Market Overview
Key Metrics Dec-19 Dec-20 YoY Chg YTD 2019 YTD 2020 YoY ChgDec-18 Dec-20
Sales 439 659 50.1% 5,880 6,464 9.9%
Pending Sales 339 303 -10.6% 5,820 3,936 -32.4%
New Listings 389 418 7.5% 8,012 6,578 -17.9%
Median List Price $309,265 $335,000 8.3% $225,000 $239,900 6.6%
Median Sales Price $305,000 $335,000 9.8% $220,000 $239,000 8.6%
Median Price Per Square Foot $153 $168 9.5% $134 $142 6.3%
Sold Dollar Volume (in millions) $112.9 $183.1 62.2% $1,421.1 $1,693.0 19.1%
Median Sold/Ask Price Ratio 100.0% 100.0% 0.0% 100.0% 100.0% 0.0%
Average Days on Market 53 35 -34.7% 57 43 -23.8%
Active Listings 1,436 1,032 -28.1% n/a n/a n/a
Months of Supply 2.9 1.5 -47.2% n/a n/a n/a
2-year Trends
Source: Virginia REALTORS®, data accessed January 15, 2021 6
Townhome & Condo Market Overview
Key Metrics Dec-19 Dec-20 YoY Chg YTD 2019 YTD 2020 YoY ChgDec-18 Dec-20
Sales 70 130 85.7% 870 1,017 16.9%
Pending Sales 55 44 -20.0% 828 615 -25.7%
New Listings 45 60 33.3% 1,103 1,014 -8.1%
Median List Price $269,500 $276,468 2.6% $174,900 $193,600 10.7%
Median Sales Price $266,250 $276,948 4.0% $172,500 $190,000 10.1%
Median Price Per Square Foot $217 $234 8.2% $119 $131 9.7%
Sold Dollar Volume (in millions) $13.3 $26.2 96.7% $148.6 $195.5 31.6%
Median Sold/Ask Price Ratio 100.0% 100.0% 0.0% 99.8% 100.0% 0.2%
Average Days on Market 37 29 -22.5% 63 39 -37.5%
Active Listings 196 160 -18.4% n/a n/a n/a
Months of Supply 2.5 1.5 -39.7% n/a n/a n/a
2-year Trends
Source: Virginia REALTORS®, data accessed January 15, 2021 7
Sales
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 333 0.9% 45 4.7%
Feb-20 374 12.7% 48 -25.0%
Mar-20 485 -1.2% 63 -21.3%
Apr-20 477 -7.2% 73 14.1%
May-20 493 -16.2% 74 -22.9%
Jun-20 645 8.0% 88 2.3%
Jul-20 708 19.0% 94 19.0%
Aug-20 644 11.8% 99 26.9%
Sep-20 577 17.0% 108 42.1%
Oct-20 541 9.3% 101 48.5%
Nov-20 528 22.8% 94 42.4%
Dec-20 659 50.1% 130 85.7%
-1.9% 8.1% 50.1% 2.9% 9.7% 9.9% 12-month Avg 539 9.9% 85 16.9%
-12.8% 70.7% 85.7% 10.8% 32.0% 16.9%
December YTD
Historical Sales by Month
406 439
659
4170
130
0
100
200
300
400
500
600
700
800
900
Dec-18 Dec-19 Dec-20
5,359 5,880 6,464
659870
1017
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
0
100
200
300
400
500
600
700
800
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 8
Pending Sales
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 374 -6.3% 42 -19.2%
Feb-20 240 -42.4% 31 -58.7%
Mar-20 291 -46.0% 44 -38.9%
Apr-20 267 -51.7% 41 -52.9%
May-20 329 -44.9% 51 -42.7%
Jun-20 397 -30.5% 55 -14.1%
Jul-20 412 -30.3% 73 4.3%
Aug-20 401 -21.4% 59 -9.2%
Sep-20 307 -35.8% 62 -16.2%
Oct-20 304 -29.1% 49 -26.9%
Nov-20 311 -21.7% 64 10.3%
Dec-20 303 -10.6% 44 -20.0%
6.8% 8.0% -10.6% 3.0% 8.3% -32.4% 12-month Avg 328 -32.4% 51 -25.7%
25.0% 22.2% -20.0% 20.3% 16.5% -25.7%
December YTD
Historical Pending Sales by Month
314 339303
4555
44
0
50
100
150
200
250
300
350
400
450
Dec-18 Dec-19 Dec-20
5,376 5,820
3,936
711828
615
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
0
100
200
300
400
500
600
700
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 9
New Listings
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 641 8.6% 80 -19.2%
Feb-20 480 -25.2% 62 -30.3%
Mar-20 628 -12.9% 81 -6.9%
Apr-20 512 -35.8% 86 -12.2%
May-20 529 -41.9% 89 -31.0%
Jun-20 586 -22.8% 86 -3.4%
Jul-20 623 -15.7% 111 2.8%
Aug-20 560 -22.3% 95 -6.9%
Sep-20 545 -10.2% 98 7.7%
Oct-20 606 -3.8% 93 9.4%
Nov-20 450 -11.2% 73 -9.9%
Dec-20 418 7.5% 60 33.3%
-2.3% -8.0% 7.5% 0.0% -2.5% -17.9% 12-month Avg 548 -17.9% 85 -8.1%
45.2% -26.2% 33.3% 22.6% 1.2% -8.1%
December YTD
Historical New Listings by Month
423 389 418
6145
60
0
100
200
300
400
500
600
Dec-18 Dec-19 Dec-20
8,215 8,0126,578
1,090 1103
1014
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
0
100
200
300
400
500
600
700
800
900
1000
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 10
Median List Price
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 $289,900 0.0% $260,000 4.0%
Feb-20 $299,950 7.2% $250,000 1.8%
Mar-20 $319,900 7.0% $273,500 9.4%
Apr-20 $328,500 4.3% $268,000 3.1%
May-20 $324,900 0.0% $274,900 2.2%
Jun-20 $329,900 0.3% $269,002 3.5%
Jul-20 $349,000 9.1% $275,000 3.8%
Aug-20 $340,500 9.9% $276,000 6.4%
Sep-20 $339,900 13.3% $284,999 11.8%
Oct-20 $345,000 15.0% $280,000 3.7%
Nov-20 $339,925 13.3% $276,673 6.5%
Dec-20 $335,000 8.3% $276,468 2.6%
1.8% 6.7% 8.3% 6.1% 6.1% 6.6% 12-month Avg $328,531 7.2% $272,045 4.9%
5.2% 2.5% 2.6% 3.1% 6.1% 10.7%
December YTD
Historical Median List Price by Month
$289
,950
$309
,265
$335
,000
$262
,950
$269
,500
$276
,468
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Dec-18 Dec-19 Dec-20
$212
,125
$225
,000
$239
,900
$164
,900
$174
,900
$193
,600
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 11
Median Sales Price
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 $285,000 0.6% $260,000 4.6%
Feb-20 $299,950 9.1% $249,950 3.3%
Mar-20 $318,000 7.8% $271,810 8.8%
Apr-20 $325,000 4.3% $268,000 3.1%
May-20 $320,000 0.0% $273,710 2.3%
Jun-20 $328,000 0.9% $266,990 3.7%
Jul-20 $345,000 8.2% $275,000 4.6%
Aug-20 $340,065 10.6% $275,050 6.0%
Sep-20 $340,000 13.3% $284,330 11.5%
Oct-20 $345,000 16.9% $280,000 3.7%
Nov-20 $340,000 14.9% $275,000 7.6%
Dec-20 $335,000 9.8% $276,948 4.0%
2.2% 6.6% 9.8% 6.1% 4.8% 8.6% 12-month Avg $326,751 8.0% $271,399 5.2%
4.9% 3.6% 4.0% 0.6% 7.9% 10.1%
December YTD
Historical Median Sales Price by Month
$286
,000
$305
,000
$335
,000
$257
,000
$266
,250
$276
,948
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Dec-18 Dec-19 Dec-20
$210
,000
$220
,000
$239
,000
$159
,800
$172
,500
$190
,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 12
Sold Dollar Volume (in millions)
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 $78.1 17.0% $7.1 6.0%
Feb-20 $86.3 19.3% $7.5 -23.5%
Mar-20 $117.8 3.3% $11.9 -14.0%
Apr-20 $120.3 1.4% $13.0 12.4%
May-20 $128.1 -13.4% $13.5 -14.1%
Jun-20 $169.5 13.3% $16.3 2.8%
Jul-20 $192.1 26.9% $18.3 44.8%
Aug-20 $174.6 19.6% $19.3 36.6%
Sep-20 $151.7 27.5% $21.8 78.6%
Oct-20 $148.5 23.8% $20.6 75.1%
Nov-20 $143.0 39.3% $19.9 81.4%
Dec-20 $183.1 62.2% $26.2 96.7%
1.2% 20.8% 62.2% 8.2% 14.7% 19.1% 12-month Avg $141.1 19.1% $16.3 31.6%
2.8% 101.5% 96.7% 15.5% 36.5% 31.6%
December YTD
Historical Sold Dollar Volume by Month (in millions)
$93.4$112.9
$183.1$6.6$13.3
$26.2
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
Dec-18 Dec-19 Dec-20
$1,239.0$1,421.1
$1,693.0
$108.9
$148.6
$195.5
$0.0
$200.0
$400.0
$600.0
$800.0
$1,000.0
$1,200.0
$1,400.0
$1,600.0
$1,800.0
$2,000.0
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 13
Median Sold to Ask Price Ratio
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 99.5% 0.6% 100.0% 0.0%
Feb-20 100.0% 0.8% 100.0% 0.0%
Mar-20 100.0% 0.0% 100.0% 0.0%
Apr-20 100.0% 0.0% 100.0% 0.0%
May-20 100.0% 0.0% 100.0% 0.0%
Jun-20 100.0% 0.0% 100.0% 0.0%
Jul-20 100.0% 0.0% 100.0% 0.0%
Aug-20 100.0% 0.0% 100.0% 0.0%
Sep-20 100.0% 0.2% 100.0% 0.0%
Oct-20 100.0% 0.0% 100.0% 0.0%
Nov-20 100.0% 0.0% 100.0% 0.0%
Dec-20 100.0% 0.0% 100.0% 0.0%
0.0% 1.0% 0.0% 0.4% 0.5% 0.0% 12-month Avg 100.0% 0.1% 100.0% 0.0%
0.7% 0.0% 0.0% 0.0% 1.1% 0.2%
December YTD
Historical Median Sold to Ask Price Ratio by Month
99.0%
100.0% 100.0%100.0% 100.0% 100.0%
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
101.0%
Dec-18 Dec-19 Dec-20
99.5%100.0% 100.0%
98.7%
99.8% 100.0%
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
101.0%
Dec-18 Dec-19 Dec-20
Single-Family Detached
Townhome & Condo
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
101.0%
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 14
Average Days on Market
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 58 -13.5% 42 -13.1%
Feb-20 55 -18.9% 35 -24.9%
Mar-20 45 -23.1% 29 -24.9%
Apr-20 43 -14.8% 30 -2.4%
May-20 40 -11.0% 28 -2.2%
Jun-20 43 3.5% 28 0.0%
Jul-20 42 -1.1% 30 2.7%
Aug-20 41 -13.3% 27 -13.1%
Sep-20 39 -21.1% 26 -21.6%
Oct-20 36 -32.1% 27 -19.8%
Nov-20 32 -40.1% 25 -19.7%
Dec-20 35 -34.7% 29 -22.5%
-7.1% -14.4% -34.7% -14.5% -12.1% -23.8% 12-month Avg 42 -19.2% 30 -14.6%
-13.9% -16.3% -22.5% -11.6% -3.5% -37.5%
December YTD
Historical Average Days on Market
62
53
35
4537
29
0
30
60
90
Dec-18 Dec-19 Dec-20
6557
43
65 63
39
0
30
60
90
Dec-18 Dec-19 Dec-20
Single-Family DetachedTownhome & Condo
0
30
60
90
120
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 15
Active Listings
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 1,486 -16.0% 205 -23.2%
Feb-20 1,591 -12.0% 218 -10.7%
Mar-20 1,673 -5.9% 221 -7.1%
Apr-20 1,592 -12.6% 223 -3.0%
May-20 1,456 -25.9% 219 -12.4%
Jun-20 1,352 -30.0% 212 -15.5%
Jul-20 1,308 -28.9% 218 -15.2%
Aug-20 1,220 -32.0% 218 -18.7%
Sep-20 1,216 -28.0% 222 -5.1%
Oct-20 1,284 -24.0% 213 -7.8%
Nov-20 1,179 -26.4% 190 -18.8%
Dec-20 1,032 -28.1% 160 -18.4%
-4.9% -22.3% -28.1% 12-month Avg 1,366 -22.4% 210 -13.1%
12.1% -21.6% -18.4%
December
Historical Active Listings by Month
1,8481,436
1,032
250
196
160
0
500
1,000
1,500
2,000
2,500
Dec-18 Dec-19 Dec-20
Townhome & CondoSingle-Family Detached
0
500
1,000
1,500
2,000
2,500
3,000
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 16
Months of Supply
Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg
Jan-20 2.8 -21.9% 2.5 -16.1%
Feb-20 2.8 -22.7% 2.6 -13.4%
Mar-20 2.9 -22.2% 2.8 -9.9%
Apr-20 2.9 -27.7% 1.9 -39.0%
May-20 2.7 -35.7% 1.9 -41.7%
Jun-20 2.3 -43.7% 1.7 -45.4%
Jul-20 2.4 -42.0% 1.9 -39.5%
Aug-20 2.2 -46.0% 1.9 -37.9%
Sep-20 2.1 -46.9% 2.1 -32.0%
Oct-20 2.0 -46.1% 2.1 -30.5%
Nov-20 1.8 -47.6% 1.9 -33.7%
Dec-20 1.5 -47.2% 1.5 -39.7%
-4.4% -20.7% -47.2% 12-month Avg 2.4 -37.4% 2.1 -31.6%
-9.9% -17.4% -39.7%
December
Historical Months of Supply by Month
3.6
2.9
1.5
3.0
2.5
1.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Dec-18 Dec-19 Dec-20
Single-Family Detached
Townhome & Condo
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
Single-Family Detached Townhome & Condo
YoY
Chg
Source: Virginia REALTORS®, data accessed January 15, 2021 17
Area Overview - Total Market
Geography Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg
Hampton 155 164 5.8% 160 244 52.5% $187,000 $219,990 17.6% 519 376 -27.6% 2.8 1.8 -33.8%
Isle of Wight County 44 55 25.0% 48 86 79.2% $317,000 $350,124 10.4% 207 176 -15.0% 3.8 2.7 -27.9%
Newport News 159 179 12.6% 179 308 72.1% $193,800 $222,500 14.8% 523 361 -31.0% 2.6 1.6 -39.3%
Poquoson 17 14 -17.6% 17 21 23.5% $329,000 $385,000 17.0% 82 53 -35.4% 4.9 2.7 -45.6%
York County 59 66 11.9% 105 130 23.8% $322,500 $324,825 0.7% 301 226 -24.9% 2.9 2.0 -31.1%
Months SupplyActive ListingsMedian Sales PriceSalesNew Listings
Source: Virginia REALTORS®, data accessed January 15, 2021 18
Area Overview - Total Market YTD
Geography Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg
Hampton 2,982 2,318 -22.3% 2,241 2,417 7.9% $179,000 $200,000 11.7% 519 376 -27.6%
Isle of Wight County 953 864 -9.3% 653 764 17.0% $295,000 $325,000 10.2% 207 176 -15.0%
Newport News 3,123 2,693 -13.8% 2,417 2,723 12.7% $189,900 $212,500 11.9% 523 361 -31.0%
Poquoson 390 320 -17.9% 202 236 16.8% $325,000 $333,750 2.7% 82 53 -35.4%
York County 1,667 1,389 -16.7% 1,237 1,341 8.4% $305,900 $315,000 3.0% 301 226 -24.9%
New Listings YTD Sales YTD Median Sales Price YTD Active Listings YTD
Source: Virginia REALTORS®, data accessed January 15, 2021 19
Area Overview - Single Family Detached Market
Geography Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg
Hampton 145 152 4.8% 147 211 43.5% $193,500 $225,000 16.3% 486 338 -30.5% 2.8 1.8 -35.2%
Isle of Wight County 40 49 22.5% 45 77 71.1% $324,900 $362,000 11.4% 188 153 -18.6% 3.9 2.7 -30.7%
Newport News 135 152 12.6% 149 242 62.4% $197,000 $230,875 17.2% 455 320 -29.7% 2.7 1.6 -37.9%
Poquoson 17 14 -17.6% 14 20 42.9% $335,000 $392,450 17.1% 71 50 -29.6% 4.8 2.7 -43.5%
York County 52 51 -1.9% 84 109 29.8% $347,500 $356,760 2.7% 236 171 -27.5% 2.8 1.9 -33.2%
New Listings Sales Median Sales Price Active Listings Months Supply
Source: Virginia REALTORS®, data accessed January 15, 2021 20
Area Overview - Single Family Detached Market YTD
Geography Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg
Hampton 2,774 2,067 -25.5% 2,068 2,187 5.8% $181,000 $203,900 12.7% 486 338 -30.5%
Isle of Wight County 873 762 -12.7% 582 677 16.3% $315,000 $343,000 8.9% 188 153 -18.6%
Newport News 2,666 2,321 -12.9% 2,057 2,306 12.1% $199,900 $220,000 10.1% 455 320 -29.7%
Poquoson 359 303 -15.6% 179 219 22.3% $340,000 $345,000 1.5% 71 50 -29.6%
York County 1,340 1,125 -16.0% 994 1,075 8.1% $333,625 $344,950 3.4% 236 171 -27.5%
New Listings YTD Sales YTD Median Sales Price YTD Active Listings YTD
Source: Virginia REALTORS®, data accessed January 15, 2021 21
Area Overview - Townhome & Condo Market
Geography Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg
Hampton 10 12 20.0% 13 33 153.8% $144,900 $198,500 37.0% 33 38 15.2% 2.3 1.9 -14.9%
Isle of Wight County 4 6 50.0% 3 9 200.0% $268,990 $268,715 -0.1% 19 23 21.1% 3.2 3.2 -1.2%
Newport News 24 27 12.5% 30 66 120.0% $158,700 $185,500 16.9% 68 41 -39.7% 2.3 1.2 -48.6%
Poquoson 0 0 n/a 3 1 -66.7% $225,000 $310,000 37.8% 11 3 -72.7% 5.7 2.1 -63.1%
York County 7 15 114.3% 21 21 0.0% $254,900 $217,000 -14.9% 65 55 -15.4% 3.2 2.4 -23.8%
New Listings Sales Median Sales Price Active Listings Months Supply
Source: Virginia REALTORS®, data accessed January 15, 2021 22
Area Overview - Townhome & Condo Market YTD
Geography Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg Dec-19 Dec-20 % chg
Hampton 208 251 20.7% 173 230 32.9% $146,000 $178,975 22.6% 33 38 15.2%
Isle of Wight County 80 102 27.5% 71 87 22.5% $198,000 $240,000 21.2% 19 23 21.1%
Newport News 457 372 -18.6% 360 417 15.8% $114,450 $155,000 35.4% 68 41 -39.7%
Poquoson 31 17 -45.2% 23 17 -26.1% $255,950 $254,000 -0.8% 11 3 -72.7%
York County 327 272 -16.8% 243 266 9.5% $220,000 $225,500 2.5% 65 55 -15.4%
New Listings YTD Sales YTD Median Sales Price YTD Active Listings YTD
Source: Virginia REALTORS®, data accessed January 15, 2021 23