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Chesapeake Real Estate Market Update

By
Real Estate Broker/Owner with Redefy Real Estate

Chesapeake Real Estate Market Update is a weekly report of real estate market statistics. This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market. Since Chesapeake contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Chesapeake as a whole.


The median list price in CHESAPEAKE, VA this week is $299,900. The 1758 properties have been on the market for an average of 156 days. Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends
for the market. Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision. A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers. When visiting the website Chesapeake Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Chesapeake Real Estate Market Update

Chesapeake Real Estate Market Update

All data was pulled from REIN and Altos Research for Chesapeake Real Estate Market Update.
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Chesapeake Real Estate Market Update, Chesapeake Real Estate, Chesapeake Virginia Home Search, Chesapeake Home Search

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