Home Sales Bottom in Norfolk City Real Estate Market

Hitting a record low dating back to March, 246 homes were sold in the Norfolk City market over the last 30 days. This represents a 3.5% drop in sales activity. During the same time frame, Virginia Beach City had the most of any other neighboring county with 618 sales. A months of inventory number of six reported this week continued a four-week upward trend, to go along with the weak sales in the area.

If you are curious about inexpensive homes in Norfolk City, start off by checking out these great listings:

$100K   $103K   $104K  

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

Demographic facts for Norfolk City:

  • The population density is 4,486.3 people per square mile.
  • The cost of living index score in this area is 100.7. (100 = national average)
  • The average work commute is 24 minutes.

Data reported through 6/14/2017

Comments:

Ask a local expert about this area:
Judy Boone Realty Inc.
Snapped 4 homes in this area
Chantel Ray Real Estate Inc
Snapped 53 homes in this area
Nuvia Rivera & Associates
Snapped 4 homes in this area

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