Norfolk, VA – Spring home sales were at a reported 7-year high nationally, and our local Norfolk VA market continues to remain steady as we move into the summer months. The latest numbers from Case-Shiller indicate that national average home prices are up by approximately 12% and are back to the prices in early 2004.
In our local Norfolk VA market, homes continue to go under contract faster than in previous years. Also, important to note, pending sales are making it to closing with less underwriting and appraisal challenges. Continue reading
