Hampton Roads Sales Flat, Prices Up Year-Over-Year
VIRGINIA BEACH, Va. – The real estate market in Hampton Roads remained mostly flat in April, when compared to the same month last year, with settled sales down slightly and pending sales up slightly. Active listings and the median selling price were also up.
"It’s good to see inventory increasing as we head into the busy months for real estate agents and brokers," said John Chandler of Berkshire Hathaway HomeServices RW Towne Property Management and the President of REIN's Board of Directors for 2026. "Active listings are higher than they’ve been since October, which means buyers have even more options."
Chandler said that while it is still considered a “seller’s market” in the region, having more options can help buyers find the home they want at a price they can afford.
On the Southside, Virginia Beach had the most active listings with 977, a 3.28% year-over-year increase. Smithfield/Isle of Wight, with 228 active listings, had the largest year-over-year increase in the region at 66.42%. Portsmouth, with 286 active listings, fell 9.49%.
On the Peninsula, Newport News had the most active listings with 386, down 1.53% compared to last April, while Gloucester, with 143 listings, had a year-over-year jump of 40.2%.
REIN is the multiple listing service in Hampton Roads and the leading provider of real estate data for the region, with offices in Virginia Beach, Hampton, and Portsmouth.
April data points from REIN:
Active Residential Listings for April totaled 5,412, up 8.67% from 4,980 in April 2025. There were 4,766 active listings in March.
Pending Sales for the month stood at 2,558, up 2.36% from 2,499 in April 2025. Pending sales were 2,483 in March.
Settled Sales totaled 2,188, down 0.73% from 2,204 in April 2025. Settled sales were 2,137 in March.
Median Sale Price (MSP) of homes sold during the month was $369,900. That’s up 5.69% from $350,000 in April 2025 and up compared to $360,000 in March.
Month’s Supply of Inventory (MSI) for April was 2.56. It was 2.44 in April 2025 and 2.25 in March. MSI is a calculation of how many months there would be homes on the market if no new inventory was added.
Median Days on Market (DOM) for the month was 19. It was also 19 in April 2025 and was 22 days in March.
Residential New Construction sold via the MLS during the month was 236. It was 201 in April 2025 and 267 in March. This represents only new homes sold via REIN MLS.
