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by: Dave.Macklin on Mar 23, 2008 @ 3:42 pm     Leave a comment »

Suffolk VA experienced a decrease in real estate sales of 25 percent this February compared to February 2007. Market times increased 16 percent, 74 days vs 86 days. The average sales price decreased in Suffolk to $292,475 or 10 percent. The median price also decreased by 10 percent to $255,000.  

Suffolk

Sold
Listings

Median
Price

Average
Sale Price

Average Days
On Market

 Feb 2008

84

$255,000

$292,475

86

Feb 2007

118

$282,325

$326,240

74

Now is a GREAT time to be buying a home in Suffolk VA. To learn more about Suffolk 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 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.