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Michelle Rosman

Richmond Realtor

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Home » Market Snapshot: August 2022

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 this year, while we’re still up almost 9% over August of last year. The decrease we see in Homes Sold is largely driven by the continued shortage of inventory. There is talk of another rate hike coming next week but, so far, we haven’t seen a great impact here in the Richmond market. It’s a strong time to sell and it’s becoming easier to buy.


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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.

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