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Michelle Rosman

Richmond Realtor

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Market Snapshot: May 2022

Because interest rates began to climb in February, the stats from May are really the first ones to show us if there has been an impact. The number of homes sold has decreased slightly, but the shortage in inventory also needs to be taken into consideration there. Houses continue to pend very quickly and prices are not coming down at all, but the frenzy has started to cool a bit. My educated guess is that interest rates will creep up just a bit higher and level out, allowing the market to level out as well. If you’ve been in the buyers market, my recommendation is to move forward rather than hope rates will drop soon. Just my two cents! Let me know if I can help in any way.


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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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