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BUYER BRIEFING Virginia Beach, VA
Virginia Beach, VA Market Analysis

Why now is a good time to buy in Virginia Beach, VA.

This is a strong buyer's market with tight inventory and declining days on market. Homes are moving faster and negotiation leverage is shifting in your favor.

Median Price

Midpoint listing price across the market. The single most important benchmark for understanding overall market value and tracking price trends over time.
Market Data
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Data provided by Altos
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Months of Inventory
1.45
Down to 1.45 months, well below the 4-month equilibrium. Tight supply means fewer homes to compete for and better seller motivation.
Days on Market
28 days
Down sharply from 49 days in January 2026. Homes selling faster signals less time for price appreciation before you move in.
Median Price
$609K
Down -2.6% from $625K one year ago. Prices have cooled, giving you a window to buy before any potential rebound.
Price per Sq Ft
$281
Down -1.6% YoY from $286 last August. Per-foot value is stabilizing, making square footage more affordable right now.
What This Means

Act before the tide turns.

Inventory is extremely low and homes are selling in under a month. Prices have dipped from a year ago, but that window won't last forever. The combination of tight supply and cooling prices gives you real negotiating power right now—lock in before competition tightens.

Honest Caveats

Market action (absorption pace) remains elevated at 50.29, suggesting demand is still solid. If rates drop or seasonality shifts, buyer advantage could narrow quickly.

See homes for sale in Virginia Beach, VA
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Jon Watts
Real Estate Agent
jonwatts22@gmail.com (234) 447-777
Source: August 2025 - August 2026 Market Data
Updated August 25, 2026