September 2025 over 2024 Real Estate Information, Virginia
NEWS RELEASE
FOR IMMEDIATE RELEASE
October 10, 2025
Busy Month Pushes Housing Inventory Down Slightly
VIRGINIA BEACH, Va. – The Hampton Roads real estate market saw improvement during the month of September when compared to the same month last year, with increases in pending sales, settled sales, and selling prices. This data comes from the Real Estate Information Network (REIN), the multiple listing service for the region.
“After many months of inventory gains, the number of homes for sale actually fell during September,” said Barbara Wolcott of Berkshire Hathaway Home Services RW Towne Realty and President of REIN’s Board of Directors. “It probably shouldn’t be a surprise though. Mortgage rates had been falling for a while, tempting buyers to get back in the market.” Wolcott said that while the median selling price (MSP) for September was $365,000 and up 4.3% from last year, it was down slightly when compared to $370,000 in August.
As for active listings, the Southside markets saw 610 fewer for September than for August, while the Peninsula markets recorded 101 fewer. Year-over-year, pending sales were up 12.3% on the Southside (1,518) and up 13.8% on the Peninsula (634). Settled sales were also up from last year, with an increase of 11.9% on the Southside (1,461) and an increase of 2.5% on the Peninsula (562).
REIN is the leading provider of real estate data in Hampton Roads, with offices in Virginia Beach, Hampton, and Portsmouth.
September data points from REIN:
● Active residential listings fell to 5,472 from 5,709 in August. However, year-over-year the number of active listings increased 17.9% from 4,641.
● Pending sales for the month stood at 2,270. That’s up from 2,212 in August, and up 13.67% from 1,997 year-over-year.
● Settled sales totaled 2,118. That’s down from 2,243 in August, but up 9.57% from 1,933 in September 2024.
● Median sale price (MSP) of homes sold during the month was $365,000. That’s down from $370,000 during August, but up 4.32% from $349,900 year-over-year.
● Month’s Supply of Inventory (MSI) for September was 2.63. It was 2.77 in August and 2.31 during September 2024. 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 27, up from 25 in both August and in September 2024.
● Residential new construction sold via the MLS during the month was 227, up from 201 in August and up year-over-year from 191 in September 2024. This represents only new homes sold via REIN MLS.
About Real Estate Information Network (REIN)
REIN is a regional Multiple Listing Service (MLS), serving real estate professionals since 1969, with coverage extending from
Williamsburg east to Virginia Beach and south across the North Carolina border.
