April 2026 Hampton Roads Market Update: More Listings, Prices Up, and Homes Still Moving Fast
Spring momentum showed up clearly in April across Hampton Roads. The biggest headline: buyers had more options. Active listings rose to 5,412, which is not only higher than last April, but also a meaningful step up from March.
At the same time, prices continued to climb year-over-year, and homes moved quickly. The median sale price for April came in at $369,900, up from $350,000 last year. And while overall sales activity looked fairly steady, it didn’t slow the pace of the market: median days on market was 19 days, and months of supply landed at 2.56.
The April snapshot
Here are the key market metrics for April:
Active listings: 5,412 (+8.67% YoY, and up from 4,766 in March)
Pending sales: 2,558 (+2.36% YoY)
Settled sales: 2,188 (-0.73% YoY, but slightly higher than March)
Median sale price: $369,900 (+5.69% YoY)
Months of supply: 2.56 (still tight)
Median days on market: 19 (same as last year, faster than March)
What these numbers actually mean
1) More inventory is showing up, which helps buyers.
Active listings increased sharply from March, which generally brings more competition within each price range. That’s good news for buyers who felt boxed in earlier in the year, more choices usually means less pressure to settle for a home that’s “close enough.”
2) It’s still a tight market overall.
Even with inventory improving, 2.56 months of supply is still a low level by historical standards. In practical terms: well-priced homes that show well can still attract serious attention quickly.
3) Prices are holding up because demand is still there.
Pending sales rose year-over-year, and closed sales were essentially flat compared to last April. That combination, stable demand plus limited supply, helps explain why prices are still rising.
A quick “where” check (because Hampton Roads isn’t one market)
It’s worth remembering that our region moves in pockets. In April:
Virginia Beach had the most active listings (977)
Smithfield/Isle of Wight saw one of the largest inventory jumps (228 active listings, up sharply year-over-year)
Gloucester also posted a notable increase in active listings
Portsmouth’s active inventory moved the other direction year-over-year
Newport News still had a large share of the active listings on the Peninsula
That’s a reminder that your neighborhood and price point matter more than the regional average.
How this compares nationally
National data in April pointed to a more buyer-friendly spring than last year, with inventory improving and homes generally taking longer to sell. Realtor.com’s April report showed active listings up year-over-year and time on market around 52 days nationally, which is much slower than what we’re seeing locally.
On the sales side, the National Association of REALTORS® reported 4.1 months of inventory nationally (March data), again higher than Hampton Roads’ current months of supply.
Mortgage rates remain the big “speed limiter,” but they’ve also been bouncing around. Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed rate averaging about 6.30% late April, and rate movement alone can influence how many buyers choose to jump in during spring.
What to do with this if you’re buying
More inventory means you can be a little more selective, especially on layout, location, and condition.
But “tight supply + fast market time” means you still want a clear plan: financing lined up, decision criteria set, and strong due diligence built into your offer.
What to do with this if you’re selling
More listings means competition is increasing. Presentation and pricing matter more now than they did when choices were scarce.
The goal is to be the easiest “yes” in your category: condition, photos, showings, and pricing strategy all work together.
