Price reductions have decreased in the Portsmouth market, reaching a low that hasn't been seen since last January. With the market tightening, there were 99 homes sold over the last 30 days. In comparison, Virginia Beach led all other nearby municipalities with 291 price reductions. The median sales price rose to $141,020, up from last week's $140,000. Despite the decrease in price reductions, there are still seven months of inventory left, meaning that Portsmouth is still a solid buyer's market.
Make sure you take a look at these eye-catching homes in Portsmouth that generated the most views from potential buyers: