Portsmouth Real Estate Market Sees Home Sales Fall

The Portsmouth market broke below its 12-month average sales volume this week as sales fell 13.6% to hit 108 homes sold over the last 30 days. On the other hand, close-by Virginia Beach registered 493 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $139,950, down from last week's $149,500. Portsmouth is a definite buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.

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Get started right now by checking out Portsmouth homes for sale or reviewing Portsmouth real estate trends.

Demographic facts about Portsmouth:

  • This area has a rating of 52 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The area's number of physicians is 314.0 per 100,000 people.
  • The health cost index score in this area is 101.7. (100 = national average)
  • Residents who travel to work by car account for 75.3% of all commuters, while carpools account for 11.1%, and public transit makes up 1.7%.

Data reported through 10/19/2016

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Long & Foster Real Estate Inc.
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Long & Foster Real Estate Inc.
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