It's an interesting time for the local real estate market in Hampton Roads, VA.  I track the local economic factors for trends in Virginia Beach, Chesapeake and Norfolk.  What I have found is that we are in a transitional time where it is neither a buyers market nor a sellers market.  However, buyers think it's a buyers market and sellers expect full price offers. The result is indecision.  Buyers are afraid to pay too much and sellers want to wait it out for better offers.

The great…