In this week's report, the number of homes sold in the Norfolk City market dropped to 187 over the past 30 days. It marked a decrease of 10.1% from last week's report and another period below the monthly average. On the other hand, close-by Virginia Beach City registered 530 home sales in the same period, the most of all surrounding counties. The median sales price rose to $172,000 over the latest reporting period for Norfolk City, up from $168,700. Norfolk City is a definite buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
For the best bang for your buck, check out these listings that recently had significant price cuts in Norfolk City: