Chesapeake real estate sales statistics for February 2009 show a 26.88 percent decrease when compared to February 2009 with 50 fewer homes sold. The averages sales price declined 17 percent and the median sales price declined 11 percent during the same time period. Market times remained the same.

Chesapeake Real Estate Sales Statistics – February 2009

The National Association of Realtors reported an increase in existing-home sales in February, reversing losses in January. Sales activity, however, remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect.

Chesapeake real estate sales did not reflect the national figures, making this a great time to buy a home, if you are looking for a long term investment. Now is not the time to buy and flip…but to buy and hold for 3,4 or 5 years. 

To learn more about Chesapeake real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com. 

Interested in knowing what your Chesapeake home is worth?

Visit HRHouseValue.com. 

Statistics compiled from Real Estate Information Network. They are deemed reliable, but not guaranteed.

Chesapeake real estate (residential) sales decreased in February by 25 percent, with market times increasing 27 percent, compared to February 2007. The median price increased 8 percent, and the average sales price increased less than 1 percent to $291,549. 

Now is a GREAT time to be buying a home in Chesapeake. To learn more about Chesapeake real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com. To begin searching for Chesapeake homes, please use our complimentary MLS search. 

Interested in knowing what your home is worth? Visit HRHouseValue.com.
 

Statistics compiled from Real Estate Information Network. They are deemed reliable, but not guaranteed. 

Related posts:
Hampton Roads & Virginia Beach Real Estate Market Trends

Chesapeake residential home sales decreased in January, compared to January 2007, by 22 percent, with market times increasing 28 percent. The median price decreased 2 percent, as the average sales price decreased 4 percent to $289,581.  

Now is a GREAT time to be buying a Chesapeake home. To learn more about Chesapeake VA real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com. To begin searching for Chesapeake homes for sale, please use our complimentary MLS search. 

Also read Virginia Beach market report and Chesapeake homes for sale.