02/03/2021
The city of Chesapeake’s months’ supply of inventory experienced the highest percentage of change (-57.46%) from 2.28 months in December 2019 to just 0.97 in December 2020, the lowest in all of the region's seven major cities. Suffolk, however, had the highest months’ supply in Hampton Roads for December 2020 at 1.82 months.
Over the course of the last year, Norfolk saw the lowest percentage of change and currently remains steady at 1.58 months. In December 2019, Virginia Beach had the lowest months’ supply in our region at 1.91 months, but recorded 1.07 in December 2020, just a tad higher than Chesapeake.
In simple terms, if you’ve been thinking about selling your home NOW IS THE TIME! With such low inventory numbers sellers are getting top dollar for their homes!
Call me for a free Comparative market analysis to see what your home is worth in this HOT market!
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