I have good news to share about the market here in the RVA metro. Sales are up, and inventory is down. What does this mean for buyers and sellers, though?
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What’s the condition of the market here in the RVA metro? Here are some quick numbers to give you an idea:
- For the metro as a whole, pending sales are up 14.01%.
- Our sales success index is around 75%. In case you forgot, the sales success index is a comparison or ratio between the newly listed homes versus the homes that have already gone under contract.
- Prices are up 4.5%.
- Inventory is down 18%.
If you’re a seller, that last figure is especially good news. That means that options are limited for all the buyers out there, and they’ll be much less picky about choosing their home. Now is the time to get that home sold.
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If you have any questions you would like answered in a future video, please don’t hesitate to give me a call or shoot me an email. I would be happy to help!
Pending sales for the RVA metro area as a whole are up 14.01%.
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