Question 1

What share of homes in Norfolk went under contract within 2 weeks?

Accepted Answer

32.1% of All Residential homes in Norfolk, VA went under contract within 14 days of listing as of April 5, 2026, based on Redfin data.

Question 2

What does the off-market rate in Norfolk mean for sellers?

Accepted Answer

When 32.1% of All Residential homes go under contract within two weeks in Norfolk, it reflects the pace at which well-priced listings are being absorbed by buyers. Higher rates indicate stronger buyer urgency. Source: Redfin.

Question 3

How is the off-market-within-2-weeks rate measured in Norfolk?

Accepted Answer

The off-market-within-2-weeks rate for Norfolk, VA measures the share of All Residential listings that went under contract within 14 days of their list date during the period ending April 5, 2026. Data source: Redfin.

Question 4

Are homes going under contract faster or slower in Norfolk than last year?

Accepted Answer

The off-market-within-2-weeks rate in Norfolk is up 1.5% compared to the same period last year, as of April 5, 2026. A rising rate means buyers are absorbing listings faster. Source: Redfin.

32.1% of homes in Norfolk went under contract within 2 weeks — up 1.5% from last year.