providers in Hampton Roads in Chesapeake, Virginia to fight to their properties because of the flood of foreclosed house for sale in the region for sale. Despite the slight increase in home sales in the past two months, local dealer markets urgently to find buyers.

had sold a couple of her three-bedroom house in January for the last 9000th Nine months have passed, and two price cuts later, the couple could not even find a buyer.

According to market data, are 14 333 homes marketed for sale from September. Based on the current rate of sale of the house, it would be able to sell at least 10 months before the inventory of homes to be clarified. The inventory includes House for sale, which is dragged down home prices and values excluded in the region.

According to economists, a balanced real estate market consists of a six-month supply of homes for sale. They said the delay caused by the slow home sales in recent months has been exacerbated. The order backlog to decrease at an average selling price for the year 2009.

Meanwhile the real estate sector is still healthy in the region, property prices no more than 5,000 to sell a total of 5390 on the market. The average home sales this year showed that the sector has eight-month supply of houses. In addition, new houses in the same price range more than seven months at home inventory.

Economists said that rising house prices is more supply on the market. For the first nine months of this year, 423 homes as low as 0000 and as high-priced purchased as a dollar. There are 1574 more homes on the market that economists take to dispose of more than 30 months.

On the other hand, the backlog of goods at the expense of millions and higher education for almost five years. So far 54 houses have been sold in this category, while 395 still on the market.

industry experts and economists have said that a problem to reduce the reluctance of owners their selling prices. Hamptons South in the median home price in August 5000, by 2.6 percent over the previous year.

They expected the inventory of houses for sale in the coming months continue to increase lenders and banks on the home foreclosure sale on the market.

Chesapeake Homes for Sale