"In November, home prices fell slightly from the month before, with a median listing price of $450,000. The number of listings on the market shrank 2.1% from last month, which is a bigger decrease than normal for this time of the year in Virginia Beach, and homes are also selling close to the same pace as the same time last year. Home prices in Virginia Beach Typically, home price per square foot in Virginia Beach tend to rise in November. And the most recent data shows that the price per square foot increased by 0.7% compared with the month before."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Resort City are outpacing the national market. Virginia Beach inventory In November, there were 836 homes for sale in Virginia Beach, which was 2.1% less than the month before and 0.5% less than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266."
Median listing price in Virginia Beach was $450,000 in November. Listings on the market decreased 2.1% from the prior month and were 0.5% lower year-over-year, with 836 homes for sale. Price per square foot in Virginia Beach rose 0.7% month-over-month, while the national price per square foot fell 1.2%, indicating local price performance outpaced the national market. Active inventory across the nation declined 2.5% to 1,072,266. Homes in Virginia Beach averaged 36 days on market in November, unchanged from the previous month and one day faster than last year, compared with a national average of 64 days.
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