Are you considering selling your house? Well right now may very well be the right time.

National Association of Realtors (NAR) Chief Economist Lawrence Yun forecasts that the U.S. housing market will see a modest rebound, with existing-home sales rising 4% and median home prices climbing 4%. Mortgage rates are projected to average 6.5% to 6.7% for the remainder of the year. [

At the local level-  Market activity across Accomack and Northampton Counties remains strong. Rather than pandemic-era spikes, home values are appreciating at a sustainable pace (consistent with statewide projections of 2% to 3%). Demand continues to vary. For example, higher-end properties and specific waterfront submarkets like Cape Charles remain in demand.