Hampton Roads Last 10 years Spring Selling Season

  https://www.reinmls.com/news/last-10-years-spring-selling-season

Last 10 Years: Spring Selling Season

Resource: REIN  04/03/2025

There’s a lot of important data to sift through in the real estate business, but perhaps most important is settled sales. After all, closings are what usually matter the most to both home sellers and home buyers. One of the most interesting times to look at this data is during the months that comprise the “spring selling season” – March, April, May, and June.

While this is in no way a forecast of any sort, below are the last 10 years worth of settled sales, looking at totals and changes for the months of March to April, April to May, and May to June.


March to April: As you can see, over the past 10 years the change from the month of March to the month of April has been more of a mixed bag. Six times closings have decreased month-over-month, while they’ve increased four times. The good news is that last year, settled sales increased by 6.42% when comparing March to April.

April to May: One-hundred percent of the time! That’s how often in the past 10 years closings have increased when comparing May to April. Most years (eight out of 10) the increase has been in double-digits. It was as high as 24.67% from April to May 2019 and as low as 4.77% from April to May 2015. 

May to June: Settled sales from May to June increased month-over-month eight out of 10 years, with one year essentially flat, showing just a 0.20% decrease or a difference of six closings. The bad news: Last year, settled sales decreased 5.7% from May to June. But the good news is, May to June showed a month-over-month increase for each of 2020, 2021, 2022, and 2023. 

Of course, sales are always impacted by economic factors, such as mortgage rates, and things like available inventory and asking/selling prices. These factors are typically unique to each individual year and the pairing of months. 

The public can go anytime to find more statistics and data on our website. 

#familyfirst #realestate #hamptonroads #market #investment #home


www.FamilyFirstRealtyInc.com   311 N. Main St, Franklin, VA 23851   (757) 304-5101 

info@familyfirstrealtyinc.com 

Comments

Post a Comment

Popular posts from this blog

Try Mosquito Dunks for a Mosquito-Free Summer

Image
Try Mosquito Dunks for a mosquito-free summer  By Mary Reid Barrow, Lynnhaven River Now You can have a virtually mosquito free summer, thanks to Mosquito Dunks! I know I sound like an advertisement, but in more ways than one I really am not being paid to write this.  Lynnhaven River Now "LRNow" believes in dunks so much that they are giving away a dunk to everyone who participates in their Native Garden Tour on June 28, 2024.  See more here: https://www.lynnhavenrivernow.org/events/   And I am a believer too. I have not had many problems with mosquitoes in the 10 years or so since I started using dunks in my birdbaths and flowerpot saucers & checking for standing water around the yard. Mosquitoes only lay eggs in stagnant water.  The small, granulated donut-shaped dunks, available at places like hardware stores & garden centers, kill mosquito larva in water before they develop into full-fledged mosquitoes and better yet, before then can bite. ...
Read more

Avoid These Mistakes When Selling Your Home

Image
Avoid These Mistakes When Selling Your Home Learn how to get the best price for your house By   AMY FONTINELLE   Updated May 13, 2024 Reviewed by   LEA D. URADU Fact checked by   ARIEL COURAGE Fact checked by   Ariel Courage Full Bio Ariel Courage is an experienced editor, researcher, and former fact-checker. She has performed editing and fact-checking work for several leading finance publications, including The Motley Fool and Passport to Wall Street. Learn about our  editorial policies   Selling your home can be surprisingly time-consuming and emotionally challenging. It can feel like an invasion of privacy when strangers open your closets and poke around. They will openly criticize your home and your decorating abilities, and to top it all off, they will offer you   less money than you think your home is worth . With no experience and a complex transaction on your hands, it’s easy for home sellers to make mistakes. The best way to sell a house...
Read more

Be Prepared for Hurricane Season

Image
Be Prepared for Hurricane Season The Hampton Roads region has been lucky in recent years to avoid the worst when it comes to hurricanes and hurricane season – typically June 1 through November 30 – but some experts are predicting that 2025 will be a busy year for named storms — hurricanes and tropical storms that meteorologists give names to so the public can keep track of them. Forecasters from the National Oceanic and Atmospheric Administration (NOAA) are expecting the formation of the La Niña weather pattern to form by fall, which could increase the severity of hurricane season along the Atlantic Ocean. While there’s little we can do about the actual formation of hurricanes, we can prepare ahead of time. Being prepared can provide some protection for our family and our loved ones, and limit the direct impact such storms can have on us. Here are a few tips: *Be alert and be aware. Pay attention to the news and the weather forecasts. Being informed and in the know increases the chanc...
Read more