More homes to choose from, and prices still climbing
September brought 16% more homes for sale than a year ago. Prices are still up across most of the region, homes are taking a little longer to sell, and mortgage rates eased this week.
Hampton Roads by the numbers
September 2026 sales data from REIN MLS, released October 9, 2026
| What we measured | September 2026 | One year ago |
|---|---|---|
| Homes sold | 2,142 | 2,117 |
| Median sale price | $375,000 | $365,000 |
| Homes for sale | 6,357 | 5,472 |
| Months of supply | 2.97 | 2.63 |
| Median days on market | 30 | 27 |
| New contracts (pending sales) | 2,009 | 2,159 |
Mortgage rates this week
Freddie Mac Primary Mortgage Market Survey, October 22, 2026
Median price change by city
Compared with September 2025, REIN MLS
What this means for buyers
There are about 16% more homes for sale than last year, which gives you more choices and more room to negotiate on price, repairs and closing costs.
Rates are still high, but this week’s dip is a reminder to stay pre-approved. When rates move, prepared buyers can act fast.
What this means for sellers
Prices are still up from last year, but buyers are taking more time and have more options.
Pricing right from day one and presenting your home well matter more now than a year ago. Overpriced homes tend to sit.
What is your home worth in today’s market?
Regional numbers can’t price one house. Tell Diana about your home and she’ll send you a free, personal home value review based on recent local sales.
Prefer to talk? Call or text Diana at 757-985-2959
Diana Hansford, Keffer Realty. Market figures are regionwide and don’t determine the value of any single property. Mortgage rates change often and are not a lending offer; talk with a licensed mortgage professional about financing. Sources: REIN MLS (October 9, 2026) and Freddie Mac PMMS (October 22, 2026).