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Michelle Rosman

Richmond Realtor

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seating on a cozy patio with a fire pit burning

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 interest rate instability. The consensus still seems to be that the rates will settle down over the next two quarters or so and hopefully in the fives or sixes. However, the inventory shortage is still causing stress for the poor buyers out there, and we don’t see an end to that anytime soon!


 

February 2023 market stats infographic

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Next Post: Market Snapshot: March 2023 spring flowers and a white picket fence with a home in the distance»

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spring flowers and a white picket fence with a home in the distance

Market Snapshot: March 2023

April 14, 2023

seating on a cozy patio with a fire pit burning

Market Snapshot: February 2023

March 22, 2023

Market Snapshot: January 2023

February 28, 2023

Market Snapshot: December 2022

January 29, 2023

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