HAMPTON — December’s data from the Real Estate Information Network shows that settled sales — or closings — were up on the Peninsula from both the month prior and the same month during the previous year.
REIN said the data also shows that the number of homes that were listed during December fell from the previous month, but increased year-over-year.
“While homebuyers are typically a little less active in December than they are in the spring and summer, it’s encouraging to see increased buyer activity around the holidays,” said John Chandler of Berkshire Hathaway HomeServices RW Towne Property Management and the President of REIN’s Board of Directors for 2026. “More good news for buyers is that the median selling price was up just 1.9% when compared to last December.”
Chandler said that historically, the median selling prices of homes tend to increase anywhere from 3-5% year-over-year.
On the Peninsula, James City County had the largest annual increase at 28% and an MSP of $580,000, according to the report. Williamsburg recorded the largest year-over-year decline, with the MSP dropping 20.7% to $361,250.
On the Southside, Smithfield/Isle of Wight showed the largest year-over-year MSP increase at 26.7%, with a MSP of $457,500, REIN said. Norfolk recorded the smallest year-over-year increase, with the MSP rising just 0.16% to $315,000.
REIN is the multiple listing service for Hampton Roads and the leading provider of real estate data in the region, with offices in Hampton, Virginia Beach, and Portsmouth. It defines the Peninsula as Hampton, Newport News, James City County, York County, Poquoson, Williamsburg, Gloucester, Mathews County and Middlesex County.
December data points for the Peninsula:
- Active residential listings totaled 1,301, down from 1,726 during November, but up 21.93% from 1,067 in December 2024.
- Pending sales for the month stood at 501. That’s down slightly from 509 in November, but up 15.17% from 435 in December 2024.
- Settled sales totaled 567 during December. That’s up from 452 in November and up 10.96% from 511 in December 2024.
- Median sale price (MSP) of homes sold was $330,000. That’s down from $345,500 during November and up just 1.85% from $324,000 in December 2024.
- Month’s Supply of Inventory (MSI) for December was 2.31, down from 2.65 in November, but up from 1.86 in December 2024. MSI is a calculation of how many months there would be homes on the market if no new inventory was added.
- Median days on market (DOM) for the month was 40. That’s up from 34 in November and up from 29 during the same month last year.
- Residential new construction on the Peninsula sold during the month was 42, up from 34 in November and up from 34 in December 2024. This represents only new homes sold via REIN MLS.
