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Sean Hyland's Blog

By Sean Hyland | Agent in 23188

March Statistics


March 2012 Highlights

Listings

Residential active listings decreased, 19.17% year-over-year, to 11,606 (March 2012) from 14,360(March 2011).

Under Contract (Pending) Residential Sales

Total residential under contract sales increased by 6.71% when compared to March 2011 (2,051 vs. 1,922).

Sales

Total property sales and total residential sales decreased when compared to March 2011 showing drops of -3.3%

and -3.61% respectively.

Inventory

There is currently 7.57 months’ inventory of residential homes on the market in the Hampton Roads area, an

increase from last month (7.46) and down 23.77% from March last year.
*

* Months’ Supply Inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 Month's supply.

Stats provided by REIN MLS. April 9, 2012

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