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.
If you're looking for a home with a large living area, then be sure to see these listings that provides more space than any other in Portsmouth: