Mobile Menu

  • Home
  • Development Projects
  • Home Sales
  • Market Snapshot
  • About Me
  • Blog
  • Email
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube
  • Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

Michelle Rosman

Richmond Realtor

  • Home
  • Development Projects
  • Home Sales
  • Market Snapshot
  • About Me
  • Blog
Home » Market Snapshot: April 2022

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 almost two years. Historically, rates around 5-7% are very normal and indicate stability in the economic markets. Interest rates of 2.25% ARE NOT (nor are those at 19% – yikes!). Additionally, we could not sustain the trend of homes selling for $100,000-200,000 over asking price. With all that said, the market is still very busy and we still have a shortage in inventory. But we are seeing a slight slowing with the climbing rates along with more reasonable offers. Some buyers are even asking for inspections again! Like the world, real estate goes ’round and ’round. 🙂


Previous Post: « Market Snapshot: March 2022
Next Post: Market Snapshot: May 2022 »

Primary Sidebar

Recent Posts

Market Snapshot: December 2022

January 29, 2023

Market Snapshot: November 2022

December 21, 2022

Market Snapshot: October 2022

November 30, 2022

Market Snapshot: September 2022

October 26, 2022

Site Footer

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • Sitemap
  • Accessibility

Michelle Rosman works at One South Realty Group and is licensed in the Commonwealth of Virginia, #0225233120 Michelle Rosman agrees to provide equal professional service without regard to the race, religion, sex, handicap, familial status, national origin or sexual orientation of any perspective client, customer, or of the residents of any community. Any request from a home seller, landlord, or buyer to act in a discriminatory manner will not be fulfilled.

Equal Housing Opportunity

© 2023

One South Realty Group 2314 W Main Street, Richmond VA 23220

Site managed by Sarah Olivia Marketing