Norfolk Real Estate October 2015

Norfolk Real Estate Market Update is a monthly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Norfolk as a whole.

In the month of October 2015 the median sold price in NORFOLK, VA was $170,000 and is a -2.86% decrease over last year at this time. The numbers of properties sold were 274 which is a 15.61% increase over last year at this time.   Currently there are 1418 properties for sale which is a -4.06% decrease as compared to last year at this time.  What does this mean to you?  Call or email me and I will answer that question!

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision.  A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers.   When visiting the website Norfolk Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Norfolk Real Estate Market Update

All data was pulled from REIN for Norfolk Real Estate Market Update.

Doug Wolfe, Principal Broker, Town Real Estate Group,,

Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search



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