Recent Projects and Updates
Market Snapshot: July 2023
As rates eek dangerously close to 7.5%, we’re still experiencing bidding wars in many cases, and still for the same reasons that have been driving the market for several years: Richmond…
Market Snapshot: June 2023
Market behavior is changing somewhat, although in ways that are not simple to sum up. Depending on location (of course!), level of finishes, and degree of well-done design, some homes are…
Market Snapshot: May 2023
Little inventory. Lots of buyers. More people seem to have cash on hand than makes any sense at all. My advice: keep plugging. It’s better to be in the real…
Market Snapshot: April 2023
The monthly number of homes sold has been lower for most months in 2023 than it has been in several years. As it has been so difficult for buyers to…
Market Snapshot: March 2023
It’s a strange spring, real estate-wise. The good news is that interest rates are slowly and steadily trending downward. The same-old news is that inventory is still extraordinarily low. There…
Market Snapshot: February 2023
Median prices took a dive to $325,000 in January of this year and already jumped back up to $350,000. We’re really not seeing prices come down in response to the…
Market Snapshot: January 2023
The numbers tell a pretty clear story here. The market is cooling off just a touch – exactly what we want to see. No crashes, no burst bubbles. The lack…
Market Snapshot: December 2022
Looking at the difference in the number of homes sold in 2022 versus 2021, you might assume the drop is due to the increase in interest rates. But it’s not.…
Market Snapshot: November 2022
The most telling detail in November 2022’s stats is that median home prices went up by about $4,000 between October and November, after declining only slightly since May in response to…
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