Real Estate Information Network (REIN) released new numbers showing a significant increase in the median sales price (MSP) of homes sold from nearly 5% from April to May.
Median home sale prices in Hampton Roads have significantly increased this year, reaching $335,000. The squeeze is felt down the line, including at area nonprofits.
Hampton Roads housing inventory rises, listings still low virginiabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from virginiabusiness.com Daily Mail and Mail on Sunday newspapers.
For home buyers in Hampton Roads, there is a slew of challenges in the current housing market. Homes are going up for sale and within days they're under contract.