The Richmond real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with free home value report right here or if you're looking to purchase in the Richmond area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 804-410-3782
The new year is in full swing, and the Richmond real estate market is starting to see some changes. Today, we want to give you a quick update so you're in the loop! Pending sales through December are up 20.5%. The sales success index, the ratio of homes on the market and homes that are under contract, is currently at a solid 71.25%.
This means that homes are selling quickly once they are listed. We've seen an increase in prices of about 11% over 2013, as prices rose from $233,000 to $258,000. Through the end of December, we saw a marginal increase of inventory, around 4%, but it won't have much of an effect on the Richmond market as a whole.
If you're looking to buy or sell a home, or simply have a question about where our market is heading, don't hesitate to give us a call or shoot us an email. We would love to hear from you!
