MyMarketPulse (mymarketpulse.com) recently disclosed its August 2024 findings on the housing market conditions in Norfolk, Virginia.
According to the latest data, Norfolk’s Median Sale Price was pegged at $315,000, showing an increase of 1.8% from the preceding month and a rise of 5.0% from the year before.
The area witnessed the sale of 231 home during this period, which is a 0.4% decrease from the preceding month and an increase of 2.7% compared to the same timeframe last year.
The median time homes spent on the market was 26 days, which is up 1 day compared to last month and an increase of 1 day over the previous year.
With the Market Pulse Score sitting at 108, the trend in Norfolk’s housing market seems to be rising.
For more information about the Norfolk, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
MyMarketPulse – What the Pros Know