MARKET REPORT

Virginia Beach-Norfolk-Newport News, VA-NC

Short-term forecastUnderperform

Virginia Beach-Norfolk-Newport News, VA-NC housing market returns are forecasted to underperform the national market in the short term. The market ranks 378 among 402 US metro housing markets.

Currently, the market is underperforming the national market. With a short-term negative outlook, market performance is anticipated to deteriorate. From one year ago, the market ranking has deteriorated by 51 points. One year ago, the market was underperforming the national market and was anticipated to remain unchanged.

MARKET RANK
Sep 2018 Sep 2017
378 / 402 327 / 402
SITUATION
Sep 2018 Sep 2017
Underperforming Underperforming
OUTLOOK
Sep 2018 Sep 2017
Negative Neutral

MARKET DEMOGRAPHICS