Recent Projects and Updates
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…
Market Snapshot: October 2022
At this moment, the market is feeling very much like a normal market before the days of monumental up-bidding, across-the-board contingency waiving, and 20-somethings finding $500k in someone’s attic. More…
Market Snapshot: September 2022
The interest rate hikes appear to be doing what they were meant to do. The market is cooling down, but it’s a minor cool-down and not concerning. We needed things…
Market Snapshot: August 2022
Six months into the current age of interest rate hikes, we are still seeing a very active market. Prices have decreased less than 3% since the high in June of…
Market Snapshot: July 2022
The Richmond story continues to differ from the national narrative that we hear about in the news. The low inventory in our market means that sales are happening quickly and…
Market Snapshot: June 2022
While we are seeing slight adjustments to the market, we have not experienced any dramatic changes even after almost six months of increases in interest rates. Our local Richmond market…
Market Snapshot: May 2022
Because interest rates began to climb in February, the stats from May are really the first ones to show us if there has been an impact. The number of homes…
Market Snapshot: April 2022
The big news, of course, is that interest rates are on the rise. The takeaway is: Don’t Panic! We really needed something to calm the frantic market we’ve had for…
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