MyMarketPulse (mymarketpulse.com) has unveiled its analysis for May 2024, focusing on the property market trends in Petersburg, Virginia.
As of 5/2024, Petersburg had a Median Sale Price of $205,200, which was down 10.8% from the previous month and up 8.0% from the prior year.
The region reported 47 home sales, marking an increase of 2.2% from the prior month, and 2.1% decrease year-over-year.
The median time homes spent on the market was 25 days, which is unchanged compared to last month and an increase of 4 days over the previous year.
Currently, with a Market Pulse Score of 111, Petersburg’s real estate market appears to be experiencing an upturn.
For more information about the Petersburg, 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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