Blog > Virginia Beach Real Estate Market Update – March 2025
Listen Up – The Market is MOVING!
Alright, Virginia Beach – if you’ve been sitting on the sidelines, waiting for the perfect time to buy or sell, let me hit you with some real talk: The market doesn’t wait for anyone, and hesitation is costing people BIG TIME. Let’s break it down.
Inventory is STILL Tight – But That’s No Excuse
We’re still seeing low inventory, which means if you’re selling, you have a MASSIVE advantage right now. Well-priced homes in great locations? They’re getting snapped up fast – sometimes with multiple offers. You’ve got leverage, so USE IT.
Sellers: Stop overthinking. The buyers are there. If you price it right and market it right, your home will sell.
Buyers – You Gotta Play to Win
I know, I know – rates aren’t what they were in 2021. But guess what? Neither are home prices. And waiting for rates to drop is the same as saying, “I’d rather pay more for the same house later.”
Real talk: If the numbers make sense, buy NOW. Because when rates do drop (and they will), demand is going to skyrocket, and so will prices. Buy now, refinance later. Play the long game.
What’s the Data Saying?
- Home Prices: Up about 4-6% year-over-year. Virginia Beach is HOT.
- Days on Market: The best homes? Gone in under two weeks. If you love it, put in an offer.
- Interest Rates: Hovering around 6-7% (yes, higher than before, but still manageable – especially if you know how to negotiate).
- Cash Buyers? They’re STILL coming in strong, so if you’re financing, get pre-approved and come in competitive.
What Should YOU Do Right Now?
📌 Sellers – Stop waiting for “peak market.” The buyers are here, and low inventory means you can maximize your sale price. 📌 Buyers – Be aggressive. Be ready. Be decisive. Get pre-approved and go all in when you find the right home. 📌 Investors – VB is still a STRONG rental market, and appreciation is consistent. Buy and hold strategies are solid plays.
Bottom Line – It’s GO Time
This market is moving, and waiting is a strategy for losing. Want to win? Get in the game. Hit me up, and let’s make moves. 💪🏡🔥