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by: Dave.Macklin on Mar 21, 2008 @ 11:08 am     Leave a comment »

Norfolk real estate (residential) experienced a 31 percent decline in sales this February compared to February 2007. Market times decreased 6 percent. The median price increased 2 percent to $205,500, while the average sales price decreased 11 percent to $224,438. 

Norfolk

Sold
Listings

Median
Price

Average
Sale Price

Average Days
On Market

Feb 2008

146

$205,500

$224,438

73

Feb 2007

211

$200,900

$252,010

78

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

Interested in knowing what your home is worth? Visit HRHouseValue.com.
 

Statistics compiled from Real Estate Information Network. They are deemed reliable, but not guaranteed. 

Related posts:

Hampton Roads & Virginia Beach Real Estate Market Trends

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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.