Norfolk real estate (residential) experienced a 31 percent decline.

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. 

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. 

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