Housing sales rose in the fourth quarter of 2024 in the Chesapeake Bay & Rivers market. There were 261 sales in the CBRAR footprint during the fourth quarter, an increase of nine sales from a year ago, a 4 percent increase.
The Chesapeake Bay & Rivers Association of Realtors is the local Realtor association for Gloucester, Mathews, Middlesex, the portion of King and Queen County known as the Buena Vista District and the portion of King William County known as West Point.
According to a recently released quarterly report, housing price growth was strong in the region to close out 2024. The regionwide median sales price was $364,500 in the fourth quarter, climbing 11 percent from last year, a $36,500 increase.
Inventory remained flat overall in the market. There were 310 active listings throughout the area, just one more last year (+0.3%). Sales went up in October and December but fell in November compared to the previous year. Activity decreased in Mathews County while sales sur...