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March Newsletter with Local Market Data

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Hello Hampton Roads families!

Welcoming the arrival of spring, vibrant local events, and new opportunities in the Hampton Roads real estate market! �� ☀ Whether you ' re seeking family-friendly activities, market insights, or a sneak peek at the season ahead, we have you covered. From St. Patrick’s Day festivities to the latest market trends and what’s on the horizon, this newsletter will keep you engaged and informed all March long!

What's Happening This Month

2025 ST PATRICK’S DAY FUN IN HAMPTON ROADS! ☘

Family-Friendly St Patrick’s Day Events in Hampton Roads 2025

TICKET GIVEAWAY! RINGLING BROS. AND BARNUM & BAILEY® IN NORFOLK

The Greatest Show On Earth® is headed to Norfolk and we have a giveaway to help celebrate the family fun! The winner will receive a six-pack of tickets to the show + a special Ringling Box filled with wearable and playful items to put on your own show at home!

UPCOMING SPECIAL EVENTS FOR CHILDREN WITH SPECIAL/SENSORY NEEDS

List of upcoming events specifically designed for local families in Hampton Roads with special needs. Some events are ongoing, and some are one-time events. Please check links to confirm the information and to RSVP if needed.

2025 SPRING & SUMMER FESTIVALS IN HAMPTON ROADS

Summer in Coastal Virginia brings to mind beautiful blue skies, sandy beach days, and lots of great local FESTIVALS in Hampton Roads!

FEBRUARY 2025 MARKET REVIEW

CIRCLE OF EXCELLENCE℠

The HRRA Circle of Excellence℠ Awards recognizes the top REALTOR® agents in the Hampton Roads area. Each year, hundreds of REALTORS® apply for these awards as they are a symbol of their hard work and dedication throughout the year. These top agents have reached a high level of achievement set forth by rigorous criteria and guidelines, through professionalism, due diligence, customer care and attention, and a strong knowledge of the real estate industry.

What to Expect

The Hampton Roads real estate market is expected to remain competitive in March 2025, favoring sellers due to continued low inventory and steady demand. Home prices are projected to see moderate growth, with a predicted 3.4% increase statewide throughout the year.

The market is also experiencing an increase in active listings, offering more opportunities for buyers. However, mortgage rates, currently around 6.76%, continue to impact affordability. As rates are expected to gradually decline toward the end of the year, market activity may pick up further Buyers should stay informed on price trends, while sellers can capitalize on strong demand and limited supply

Thinking about buying or selling? Now’s the perfect time to make your move! Let’s strategize and find the best opportunities for you. Reach out today!

Eco-Friendly Home Improvements for a Greener Spring

As spring arrives, it’s the perfect time to make eco-friendly upgrades that enhance your home’s efficiency and attract environmentally conscious buyers

Start with energy-saving LED lighting and smart thermostats to reduce electricity use. Upgrade to ENERGY STAR® appliances and low-flow water fixtures to cut utility costs. Improve insulation and seal drafts to enhance comfort while lowering heating and cooling expenses. Consider installing solar panels for long-term savings and sustainability. Outdoors, opt for native plants and a rainwater collection system to conserve water

These green improvements not only benefit the planet but also increase your home’s value and market appeal. Embrace a greener lifestyle this spring and make your home more sustainable!

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