Asking Prices and Inventory for Homes in Virginia Beach Virginia

As of May 23 2011 there were about 14,033 single family and condo homes listed for sale in Virginia Beach Virginia. The median asking price of these homes was approximately $235,000. Since this time last year, the inventory of homes for sale has decreased by 7.1% and the median price has decreased by 6.0%.

	May 23, 2011	Month/Month	Year/Year
Median Asking Price	$235,000	+2.2%	-6.0%
Home Listings/Inventory	14,033	-0.8%	-7.1%

Recent Asking Price and Inventory History for Virginia Beach

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
05/23/2011	14,033	$159,900	$235,000	$359,000
05/16/2011	14,049	$159,900	$235,900	$359,500
05/09/2011	13,973	$159,500	$235,000	$359,000
05/02/2011	14,016	$156,956	$230,000	$350,000
04/25/2011	14,143	$155,000	$229,990	$350,000

Virginia Beach Asking Price History

The median asking price for homes in Virginia Beach peaked in June 2006 at $351,725 and is now $117,750 (33.5%) lower. From a low of $221,960 in January 2011, the median asking price in Virginia Beach has increased by $12,015 (5.4%).

25th, Median (50th) and 75th Percentile Asking Prices for Virginia Beach Virginia

Virginia Beach Housing Inventory History

Housing inventory in Virginia Beach, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 15,220 in August 2010. The lowest housing inventory level seen was 4,899 in April 2006.

Housing Inventory for Virginia Beach Virginia

Virginia Beach Asking Price and Inventory History

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
May 2011	14,018	$159,064	$233,975	$356,875
April 2011	14,059	$155,225	$229,948	$350,000
March 2011	14,108	$153,425	$227,000	$349,900
February 2011	13,885	$150,000	$224,950	$347,675
January 2011	12,977	$152,138	$221,960	$342,120
December 2010	13,549	$156,325	$226,400	$349,675
November 2010	13,961	$159,740	$229,340	$349,940
October 2010	14,341	$160,250	$229,948	$350,000
September 2010	15,217	$164,950	$235,425	$355,700
August 2010	15,220	$168,440	$239,360	$363,529
July 2010	14,958	$169,925	$245,375	$371,200
June 2010	14,687	$173,225	$249,037	$375,750
May 2010	14,927	$174,960	$249,900	$376,920
April 2010	14,925	$174,900	$248,950	$373,925
March 2010	13,918	$173,240	$249,080	$375,760
February 2010	13,133	$174,200	$249,800	$377,982
January 2010	12,700	$174,975	$249,975	$384,975
December 2009	13,329	$175,875	$254,950	$390,700
November 2009	13,574	$177,260	$256,760	$394,340
October 2009	14,105	$175,475	$254,950	$395,350
September 2009	14,775	$179,150	$259,350	$397,950
August 2009	14,134	$183,560	$264,340	$404,227
July 2009	13,472	$189,500	$273,100	$416,481
June 2009	13,575	$189,900	$274,960	$418,700
May 2009	13,457	$189,900	$275,000	$418,600
April 2009	13,293	$191,025	$275,650	$421,250
March 2009	13,070	$192,680	$275,340	$419,460
February 2009	12,718	$192,725	$275,000	$418,475
January 2009	12,654	$195,141	$278,702	$421,457
December 2008	12,976	$200,552	$285,078	$430,855
November 2008	13,437	$205,789	$291,248	$439,951
October 2008	13,742	$211,200	$297,625	$449,350
September 2008	14,000	$215,880	$299,820	$450,920
August 2008	14,307	$219,100	$299,900	$451,562
July 2008	14,394	$219,947	$302,449	$449,964
June 2008	14,364	$224,000	$309,500	$451,020
May 2008	14,182	$224,975	$313,075	$455,500
April 2008	13,771	$225,000	$315,475	$458,400
March 2008	13,265	$224,980	$317,914	$456,560
February 2008	12,788	$224,975	$318,810	$450,975
January 2008	12,264	$225,675	$319,650	$451,469
December 2007	12,881	$228,595	$320,380	$456,730
November 2007	13,518	$229,825	$324,250	$457,921
October 2007	13,799	$232,720	$326,160	$462,540
September 2007	13,378	$236,150	$329,997	$474,187
August 2007	13,652	$236,875	$329,687	$474,575
July 2007	13,441	$239,560	$334,330	$478,332
June 2007	12,998	$241,700	$338,950	$482,175
May 2007	12,471	$247,625	$343,847	$489,575
April 2007	11,754	$248,780	$348,580	$491,940
March 2007	10,545	$246,125	$349,475	$496,450
February 2007	9,625	$245,250	$349,000	$496,975
January 2007	8,874	$239,560	$345,085	$497,860
December 2006	8,423	$236,750	$342,725	$498,725
November 2006	8,680	$235,249	$339,925	$497,087
October 2006	8,444	$238,940	$346,067	$499,020
September 2006	8,168	$239,900	$348,100	$499,550
August 2006	7,284	$238,950	$349,575	$505,712
July 2006	6,680	$239,180	$349,900	$505,959
June 2006	6,131	$241,950	$351,725	$510,018
May 2006	5,527	$241,580	$349,980	$511,580
April 2006	4,899	$237,466	$349,933	$519,333