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by: Dave.Macklin on Feb 26, 2008 @ 12:09 am     Leave a comment »

Norfolk experienced a 35 percent decline in sales this January compared to January 2007. Market times increased 73 percent. The median price declined 1 percent to $208,225 and the average sales price decreased 8 percent to $247,699.  

Norfolk

Sold
Listings

Median
Price

Average
Sale Price

Average Days
On Market

Jan 2008

130

$208,225

$247,699

107

Jan 2007

200

$210,125

$262,803

62

Now is a GREAT time to be buying a home in Norfolk VA. To learn more about Norfolk real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com. To begin searching for Norfolk VA homes for sale, please use our complimentary MLS search

Also read Virginia Beach real estate market report.

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To begin your search for the perfect home or to sell your home in the Virginia Beach area,
call Dave Macklin and The Butler Team at 866-222-0158 #550.