And the trend continues. Even throughout COVID-19 and all of the extraordinary ways it is impacting our day-to-day lives. Almost two hundred more homes sold in the Richmond area in July 2020 than in July 2019, with fewer days spent on market and for a sizable price increase. Realtors have adopted the CDC Standards when showing properties and have combined that with multiple means of virtual showings, allowing for safety and convenience for those buying and selling, and it appears to be working well. Interest rates are at an all-time low as well, so many are feeling very confident in making a purchase in the current market. If I can help you strategize your next move, please give me a call.
Market Snapshot: June 2020