In its May 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Norfolk, Virginia.
The Median Sale Price for properties in Norfolk was documented at $315,500 for May 2024. This price point is an upward move of 2.4% from the previous month and shows a 4.5% rise from the year before.
A total of 236 homes were sold in the region, indicating an increase of 9.3% from last month and a drop of 9.6% when compared with a year ago.
The Median Days on Market for homes in Norfolk stood at 21 day, which is a decrease of 3 days days over the previous month and up by 3 days day from the previous year.
With a Market Pulse Score of 108, the analysis suggests a rising trend in Norfolk’s housing market momentum.
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.
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