05/12/2026
📢April numbers are in.
The Hampton Roads market is still leaning toward a seller’s market, but buyers are starting to get a little more breathing room with more homes hitting the market. That means more choices and better chances to find a home that fits both their needs and budget.
On the Southside, Virginia Beach had the highest number of active listings with 977 homes available, up 3.28% from last year. Smithfield/Isle of Wight saw the biggest jump in listings, up 66.42% year-over-year with 228 active homes. Portsmouth went the other direction, with active listings dropping 9.49% to 286.
On the Peninsula, Newport News had the most active listings at 386, which is slightly down 1.53% from last April. Gloucester saw a strong increase, with listings jumping 40.2% to 143 homes.
Here’s a quick snapshot from REIN’s April market data:
• Active listings climbed to 5,412, up 8.67% from last year.
• Pending sales increased 2.36% to 2,558.
• Settled sales were nearly flat, down just 0.73% at 2,188.
• The median sales price rose to $369,900, up 5.69% from last April.
• Inventory supply increased to 2.56 months, giving buyers a bit more selection.
• Homes stayed on the market for a median of 19 days, the same as last year.
• New construction sales continued growing, with 236 homes sold compared to 201 last year.
*REIN is the Hampton Roads MLS and one of the main sources for real estate data in the region, serving areas across Virginia Beach, Hampton, Portsmouth, and surrounding cities.
📲 Kelly 757-632-1299
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