Jennifer Dawn - Virginia Real Estate

10/19/2026

Y'all, the Hampton Roads housing market has a little plot twist for us.

We've got more homes for sale than we've seen in over six years.

So naturally, you'd think home prices would be falling, right?

Well...not exactly.

According to September's REIN report, there were 6,357 active residential listings across the region, up more than 16% from last year.

But here's the interesting part.

The regional median sales price actually **increased to $375,000**.

And when you look across our seven cities, the differences are pretty remarkable.

Virginia Beach saw an 8.4% increase in median sales price compared with last September, while Suffolk recorded a 3.26% decline. Norfolk, Chesapeake, Portsmouth, Hampton, and Newport News each had their own story.

Now, that doesn't mean every home in Virginia Beach increased in value by 8.4%, or that every home in Suffolk lost value. Median sales prices tell us what sold, not necessarily how much an individual property appreciated or depreciated.

And that's why I always encourage people to look beyond the headlines.

**For buyers:** More inventory may mean more choices, a little more breathing room, and opportunities to negotiate.

**For sellers:** Understanding your competition, pricing thoughtfully, and presenting your home well matter more than ever.

And if you're just curious about what's happening in your neighborhood? Well, that's where the really interesting conversations begin.

I've put together a five-slide look at the September numbers AND written a more detailed blog explaining what's happening across Hampton Roads.

I'll put the full article in the first comment.

Now tell me—did any of these numbers surprise you? And which of our seven cities are you keeping an eye on?

Jennifer Dawn, REALTOR®
Howard Hanna Real Estate Services

Source: REIN MLS, September 2026 residential market report. https://jenniferdawnrealestate.com/?utm_source=instagram&utm_medium=post&utm_campaign=Market%2520Update&utm_content=Market%2520Updates

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