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Are buyers active in Norfolk?

P

Primpted Housing Analyst

Updated monthly · Data through August 2026 · v268

Data-backed
Sold Score
38/100
YoY Challenging Market Conditions
Pending ratio
0.31
YoY contracts vs active
Inventory YoY
+0.1%
YoY active listings
Median DOM
54
YoY days on market
Price cuts
43.8%
YoY of active listings
Buyer demand in Norfolk is **actively shopping** as of August 2026. The pending ratio is 0.31 — that's contracts under negotiation versus the homes available to buy. Homes take a median of 54 days to go under contract. Active inventory is +8.7% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 43.8% of listings have cut price. Overall, the Primpted Sold Score for Norfolk is 38/100 (Challenging Market Conditions). — Live indicators (August 2026): Sold Score: 38/100 (Challenging Market Conditions) · Pending ratio: 0.31 · Inventory YoY: +8.7% · Median days on market: 54 · Sellers cutting price: 43.8% · Median listing price: $310,000 (+5.1% YoY)

Norfolk snapshot

As of the latest 2026 data
Median listing
$310K
YoY +0.1%
Active inventory
137
YoY +0.1%
Median DOM
54
YoY -0.2%
Pending ratio
0.31
YoY -0.1%
Price-reduced
23.7%
YoY +0.0%

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