Foreclosures in Hampton Roads

By
Real Estate Agent with NEPTUNE REALTY 0225-075558

For the second week in a row, foreclosures represent a slightly smaller percentage of overall available inventory in Southside Hampton Roads.  Hovering just below 14% of available inventory, the change was driven by a slight increase in NON REO properties combined with a slight decrease in REO counts. Suffolk had a 3.1% increase in REO inventory and Virginia Beach posted the largest loss with a 3% decrease in REO's available.

Foreclosure Counts in Hampton Roads

If you are considering purchasing a foreclosure, don't be fooled by supposed lists available for sale, consult with a professional real estate agent, a REALTOR, who understands the market and available inventory.

Posted by

Search the MLSDrick Ward, Realtor and Broker Associate    757-575-5156

Neptune Realty - Virginia Beach, Virginia

 

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