June Home Sales Increase in Hampton Roads

VIRGINIA BEACH, Va. – Hampton Roads' housing market gained momentum in June, with pending and settled sales both posting solid year-over-year gains while the region reached a new all-time high median sales price.

For the month, pending sales were up 14.7% compared to June 2025, and up 2.6% from May. Settled sales increased by 181, or 7% year-over-year, and were up by 236, or 9.5% from May.

"June was a very busy month for buyers, for sellers, and for real estate professionals across Hampton Roads," said John Chandler of Berkshire Hathaway HomeServices RW Towne Property Management and the President of REIN's Board of Directors for 2026. "Last month’s numbers were the best they’ve been for the month of June in nearly five years.”

Chandler said that the combination of higher inventory, stronger sales, and continued price appreciation, with only modestly longer selling times, is generally a sign of a market transitioning toward greater stability.

Of the Seven Major Cities in the region, Chesapeake (402 sales) had the highest MSP at $450,000, a 3.2% increase over last year. Overall, James City County (166 sales) recorded the highest MSP at $510,500, which was actually a year-over-year dip of 2.7%.

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.

June data points from REIN:

• Active residential listings for June totaled 5,752, up from 5,512 in May and up 5.79% year-over-year from 5,437 in June 2025. June’s total is the highest number of active listings since June 2020 (5,845).
• Pending sales for the month stood at 2,699. That’s up from 2,630 in May, and up 14.7% from 2,353 in June 2025.
• Settled sales totaled 2,721, up from 2,630 in May and up 7.13% year-over-year from 2,540 in June 2025. It’s also the most since August 2022 (2,991).
• Median sale price (MSP) of homes sold during the month hit a record high of $395,000, compared to $375,000 the month prior. The MSP was up $20,000 when compared to June 2025, when it was $375,000.
• Month’s Supply of Inventory (MSI) for June was 2.70. It was 2.60 in May and 2.65 in June 2025. 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, compared to 18 in May and also 18 in June 2025.
• Residential new construction sold via the MLS during the month was 245, compared to 210 in May and 259 in June 2025. This represents only new homes sold via REIN MLS.