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Michelle Rosman

Richmond Realtor

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You are here: Home / Market Snapshots / Market Snapshot: June 2020

Market Snapshot: June 2020

We saw less homes sold in June this year than last year, but certainly not for a lack of buyers. We’re still laboring under a severe shortage of inventory in the housing sector, especially in the Richmond region. The most meaningful information in this month’s stats is the trend in pricing: notice the quite sizable increase between 2018 and 2019, and the considerably smaller bump this year. This is a sign of the leveling out we started to hope for last year as prices were skyrocketing. A calm flattening of the spike is far more beneficial than the steep fall we’ve seen in the past. With COVID-19 increasing the unknowns for this year, I’m happy to see the real estate market remaining stable.

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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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