June 2014 Real Estate Market Update

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 June 2014 the median sold price in NORFOLK, VA was $179,995 and is a -6.25% decrease over last year at this time. The number of properties sold was 248 which is a 5.98% increase over last year at this time. Currently there are 1535 properties for sale which is a 12.95% increase 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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update May 2014

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 May 2014 the median sold price in NORFOLK, VA was $168,000 and is a -4.55% decrease over last year at this time. The number of properties sold was 221 which is a -12.99% decrease over last year at this time. Currently there are 1564 properties for sale which is a 13.58% increase 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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update April 2014

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 April 2014 the median sold price in NORFOLK, VA was $164,900 and is a 1.95% increase over last year at this time. The number of properties sold was 235 which is a 3.98% increase over last year at this time. Currently there are 1525 properties for sale which is a 10.43% increase 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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update 2014

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 February 2014 the median sold price in NORFOLK, VA was $146,500 and is a 6.98% decrease over last year at this time. The number of properties sold was 178 which is a 7.88% increase over last year at this time. Currently there are 1336 properties for sale which is a 0.68% increase 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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update January 2014

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 January 2014 the median sold price in NORFOLK, VA was $150,000 and is a 1.64% decrease over last year at this time. The number of properties sold was 147 which is an 8.70% decrease over last year at this time. Currently there are 1287 properties for sale which is a 0.77% 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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update November 2013

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 November 2013 the median sold price in NORFOLK, VA was $159,000 and is a 10% increase over last year at this time. The number of properties sold was 199 which is a 12% increase over last year at this time. Currently there are 1403 properties for sale which is a 0% increase 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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update October 2013

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 2013 the median sold price in NORFOLK, VA was $179,000 and is an 11% increase over last year at this time. The number of properties sold was 214 which is a 12% increase over last year at this time. Currently there are 1423 properties for sale which is a 2.30% increase 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

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, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search

Norfolk Real Estate Market Update September 2013

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 September 2013 the median sold price in NORFOLK, VA was $165,000 and is a 2.80% increase over last year at this time. The number of properties sold was 216 which is an 18.68% increase over last year at this time.   Currently there are 1403 properties for sale which is a 1.08% increase 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, doug@tregva.com, www.BetterCallDoug.com

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

Norfolk Real Estate Market Update July 2013

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 July 2013 the median sold price in NORFOLK, VA was $194,950 and is a 25.41% increase over last year at this time. The number of properties sold was 274 which is a 28.04% increase over last year at this time.   Currently there are 1392 properties for sale which is a 0.22% increase 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 and Altos Research for Norfolk Real Estate Market Update.

Doug Wolfe, Principal Broker, Town Real Estate Group, doug@tregva.com, www.BetterCallDoug.com

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

Norfolk Real Estate Market Update August 7,2013

Norfolk Real Estate Market Update is a weekly 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. The median list price in NORFOLK, VA this week is $179,900. The 1092 properties have been on the market for an average of 165 days. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

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 BetterCallDoug.com 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 and Altos Research for Norfolk Real Estate Market Update.
Doug Wolfe, Principal Broker, Town Real Estate Group, doug@tregva.com, http://www.BetterCallDoug.com
Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search