June 2025 Market Update: A Balanced Market with Smart Opportunity
Summer’s in full swing, and just like the weather, the housing market has its own seasonal rhythm. National headlines may be buzzing about a cooldown—but Hampton Roads isn’t following that script. If you're wondering what it all means for your next move, the latest numbers offer a clear picture.
Here’s how the June 2025 data breaks down—and what it means for buyers, sellers, and homeowners who are keeping an eye on the market.
📊 Greater Hampton Roads Market Snapshot – June 2025
Median Sales Price: $375,000
(Up 2.7% year-over-year)Active Inventory: 2,924 homes
(Down 11.5% from May, up 7.5% year-over-year)New Listings: 4,726
(Down 10% from May, up 1.9% year-over-year)Median Days on Market: 17
(Up slightly from 14 in May)Median Price per Sq Ft: $214
(Up 0.5%)% of List Price Received: 100.0%
(Slight dip from May’s 100.1%)Months of Inventory: 2.1
(Unchanged from May)
🔑 What This Means for Buyers
Inventory pulled back a bit this month, and homes are taking a few days longer to sell—but this isn’t a buyer’s market yet. Instead, we’re seeing a bit more breathing room, especially compared to last year’s summer rush.
If you're buying:
✅ Focus on homes that have been on the market longer or recently reduced
✅ Use the slower pace to your advantage—without waiting too long
✅ Have your pre-approval ready—solid financing still makes a difference
It’s a smart time to move if you’re strategic, especially with sellers becoming more flexible on listings that linger.
🏡 What This Means for Sellers
While we’re not in the red-hot, multiple-offer madness of the past, the market still favors sellers—particularly those who lean into good preparation and smart pricing.
If you're listing this summer:
✅ Don’t assume the first offer will be your best—but don’t delay either
✅ Highlight your home’s strengths through staging, photos, and thoughtful marketing
✅ Price based on today’s market—not yesterday’s headlines
Serious buyers are still out there, and they’re acting fast on homes that feel move-in ready and priced right.
💬 Erika’s Take
We’re in what I’d call a balanced market—neither wild nor weak. That means opportunity exists on both sides of the transaction if you approach it with clarity and confidence.
✨ Sellers who lead with strategy are still winning
✨ Buyers who stay ready can capitalize on slowed-down competition
✨ Homeowners watching their equity? Now’s a great time to check in on your value
📲 Whether you’re ready to move or just want a personalized look at how your home fits into the current market, I’m here to help. Let’s build a plan that fits your timeline and goals—not just the season.
Erika Granderson
@theeotakurealtor
📱 434-258-3103
📧 erika@hogangrp.com
📍 Serving Newport News, Hampton, and the entire 757
