June 2026 Hampton Roads Market Update: Sales Accelerate as Prices Reach a Record High
June was one of the strongest months the Hampton Roads resale market has seen in several years. More homes were available, more buyers signed contracts, more sales reached closing, and the regional median sale price reached a new record.
The numbers point to a market that is gaining stability without losing momentum. Buyers have more choices than they did a year ago, but demand remains strong enough to keep homes moving and prices rising.
June 2026 Hampton Roads Market Snapshot
Active listings: 5,752, up 5.79% year-over-year
Pending sales: 2,699, up 14.70% year-over-year
Settled sales: 2,721, up 7.13% year-over-year
Median sale price: $395,000, up 5.33% year-over-year
Median days on market: 19 days
Months of supply: 2.70
More Homes Came on the Market
Active listings increased to 5,752 in June, up from 5,512 in May and 5.79% higher than last June. That was the highest number of active listings in Hampton Roads since June 2020.
More inventory is welcome news for buyers. It creates additional options and may reduce some of the pressure to compete for every suitable property that reaches the market.
However, the increase in listings did not outpace buyer demand. Active inventory rose 5.79% from last year, while pending sales jumped 14.70%. That gap helps explain why prices continued to rise even as more homes became available.
Buyer Activity Strengthened
Pending sales reached 2,699 in June, up 2.6% from May and nearly 15% from June 2025.
Pending sales represent homes that have gone under contract but have not yet closed. They are useful because they provide a look at the pipeline of potential future settlements. June’s increase suggests buyers remained active as the market moved into the summer months.
Settled sales also increased, reaching 2,721 for the month. That was 181 more closings than last June and 236 more than May. It was also the highest monthly total since August 2022.
This was not simply a case of more homes being listed. Buyers were absorbing that additional inventory and moving transactions through to closing.
The Median Sale Price Reached a New High
The regional median sale price rose to a record $395,000, up $20,000 from both May 2026 and June 2025.
A median price means half of the homes sold above that amount and half sold below it. It does not mean every Hampton Roads home gained 5.33% in value. Changes in the types, locations, and price ranges of homes sold can influence the regional median.
The local markets also varied. Chesapeake recorded 402 settled sales and a median sale price of $450,000, up 3.2% from last year. James City County posted the highest median among the areas highlighted, at $510,500, although that figure was 2.7% lower year-over-year.
Those differences are an important reminder that Hampton Roads is made up of many smaller markets. Conditions in a specific neighborhood, city, or price range may look different from the regional average.
Homes Continued to Move Quickly
The median home spent 19 days on the market in June. That was one day longer than May and one day longer than June 2025, but it still represents a relatively fast pace.
Months of supply increased slightly to 2.70, compared with 2.60 in May and 2.65 last June. Months of supply estimates how long the current inventory would last if no additional homes were listed and sales continued at the current pace.
The small increase gives buyers more selection, but 2.70 months of supply still indicates a market where inventory is limited relative to demand. Homes that are priced correctly, prepared well, and marketed effectively can still attract attention quickly.
How Hampton Roads Compared Nationally
The national resale market also posted year-over-year gains in June, but Hampton Roads showed stronger growth in several key areas. National existing-home sales increased 2.8% from last year, while Hampton Roads settled sales rose 7.13%. The national median existing-home price increased 1.8% to $440,600, compared with the 5.33% increase locally.
The national market had 4.6 months of supply and a median market time of 28 days. Hampton Roads remained tighter and faster, with 2.70 months of supply and a median 19 days on market.
National listing data showed active inventory rising 1.9% year-over-year and pending listings increasing 3.7%. By comparison, Hampton Roads recorded stronger growth in both active listings and pending sales, although the local and national measurements are not identical.
What This Means for Buyers
Buyers have more options than they did a year ago, but the increase in pending sales shows that competition has not disappeared. The strongest homes may still attract quick interest, particularly in popular locations and competitive price ranges.
Having financing prepared, understanding your monthly payment, and knowing which features matter most can help you make a confident decision when the right home becomes available.
What This Means for Sellers
June’s record median price and increase in settled sales are encouraging, but more inventory also means sellers face more competition.
Pricing should be based on recent comparable sales and the homes currently competing for the same buyers. Strong presentation, good photography, convenient showing access, and realistic expectations remain important even in an active market.
The regional numbers provide helpful context, but the best decisions come from looking closely at your neighborhood, property type, condition, and price range.
Data deemed reliable but not guaranteed.
