Is the housing market slowing down in Portsmouth, VA?
No real change. 160 homes sold in Portsmouth, VA during May 2026, against 169 in the same months a year earlier. That gap is small enough to be ordinary month-to-month variation rather than a trend.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
We call this unchanged deliberately. The difference between 160 and 169 sales is inside the range that a normal month produces on its own, so calling it a decline or a recovery would be reading a story into noise.
The longer view, all measured over the May window so the season is held constant: 178 homes sold two years ago, 169 last year, 160 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 292 homes were on the market in Portsmouth, VA, and 160 sold. At that pace it would take about 1.8 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Portsmouth, VA area, through May 2026.
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More about the Portsmouth, VA market
- When is the best month to sell a house in Portsmouth, VA?
- How long does it take to sell a house in Portsmouth, VA?
- Do homes sell above asking price in Portsmouth, VA?
- Are home prices going up or down in Portsmouth, VA?
- Is Portsmouth, VA a buyer's market or a seller's market?
- Are sellers cutting prices in Portsmouth, VA?
- What is the average home price in Portsmouth, VA?
- How many homes are for sale in Portsmouth, VA?
- All Portsmouth, VA housing numbers
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Figures come from Redfin's published market data for the Portsmouth, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.