HAMPTON — The Peninsula real estate market saw improvement during the month of September when compared to the same month last year according to data from the Real Estate Information Network, the multiple listing service for the region.

REIN said the market saw increases in pending sales, settled sales and selling prices.

“After many months of inventory gains, the number of homes for sale actually fell during September,” said Barbara Wolcott of Berkshire Hathaway Home Services RW Towne Realty, President of REIN’s Board of Directors. “It probably shouldn’t be a surprise, though. Mortgage rates had been falling for a while, tempting buyers to get back in the market.”

Wolcott said that while the median selling price for September was $350,000, up 7.2% from last year, it increased just 1.4%

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