Sales Decline in Suffolk City Real Estate Market

The Suffolk City market slowed with a 10.6% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (137.1) with 152 homes sold. Meanwhile, Virginia Beach City reported 618 home sales, the highest number from all the surrounding counties. The median sales price rose to $254,500, up from last week's $249,500.

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Demographic facts about Suffolk City:

  • The affordability rating is 43. (Scale: 1 = Worst, 100 = Best)
  • The area gets 47.2 inches of rain a year. (U.S. average: 36.5)
  • The area's income per capita is $25,688.
  • The school rating in this area is 51. (Scale: 1 = Worst, 100 = Best)

Data reported through 6/14/2017

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Shaffer Realty LLC
Snapped 6 homes in this area
Long & Foster Real Estate Inc.
Snapped 3 homes in this area
RE/MAX Allegiance
Snapped 5 homes in this area

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