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by: Dave.Macklin on Mar 22, 2008 @ 11:37 am     Leave a comment »

Portsmouth VA real estate sales decreased by 20 percent in February compared to February 2007, with market times increasing 40 percent. The median price increased stayed the same at $160,000 and the average sales price declined 7 percent to $164,715.
 

Portsmouth

Sold
Listings

Median
Price

Average
Sale Price

Average Days
On Market

 Feb 2008

86

$160,000

$164,715

94

Feb 2007

105

$160,000

$177,719

67

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

Interested in knowing what your Portsmouth VA 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.