MyMarketPulse (mymarketpulse.com) has unveiled its analysis for December 2024, focusing on the property market trends in Portsmouth, Virginia.
The report shows that the Median Sale Price in Portsmouth reached $274,700 as of December 2024, marking an increase of 4.6% over the previous month and a 7.7% rise compared to a year ago.
During this period, 96 homes were sold in the area, reflecting a decrease 14.3% compared to the month beforeand and a decrease of 11.9% from the same month in the previous year.
Homes remained on the market for a median of 36 days, which is down 10 days from the month before and down 3 days from the previous year.
The Market Pulse Score for Portsmouth comes in at 96, pointing to a declining trend within the local real estate market.
For more information about the Portsmouth, 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.
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