Market Snapshots
Having your finger on the real estate market’s pulse is the first step in making any informed, confident decision. Lucky for you, that’s my job not yours, but I still recommend staying as informed as possible. There’s a ton of info out there and it’s not always easy to sort through it all.
I’ve got the solution! To keep you informed, I provide bite-sized market snapshots to give you a quick sense of where the market stands. You can find those here and get them straight to your inbox every month by subscribing below!
(Market statistics are reflective of the whole Central Virginia Regional MLS. Days on Market and Sales Price are median values.)
Market Snapshot: April 2021
We all know the market is at its craziest, but there is still success to be had. Sellers don’t have to do much more than stick a sign outside (or…
Market Snapshot: March 2021
We’re all familiar with the battlecry “There’s no inventory!” But actually, more than 2000 houses sold in the month of March in the greater Richmond area. They’re just grabbed up…
Market Snapshot: February 2021
The dramatic differences between numbers for 2021 and 2020 really tell the story — and the market was already pretty crazy in February of 2020! A year ago, we all…
Market Snapshot: January 2021
This year, January felt like March. The market shot out of the gate and hasn’t stopped since. I prefer not to add to the frenzy, but in the spirit of providing…
Market Snapshot: December 2020
More of the same in December: hot market, lots of buyers and not much inventory. And as soon as the ball dropped on New Year’s Eve, phones started pinging. It’s…
Market Snapshot: November 2020
In a year when nothing is typical or ordinary, the RVA real estate market is following suit. Houses selling in an average of 6 days in November in a pandemic?!…
Market Snapshot: October 2020
Back in March and April, when the then-new pandemic slowed the market momentarily, we predicted we’d see the spring market in the fall this year. Here we see the numbers…
Market Snapshot: September 2020
We’re starting to see the pandemic-effect on our monthly numbers, with activity we would usually see in the spring showing up in August and September. Home sales were up 20%…
Market Snapshot: August 2020
We could speculate for days about why the real estate market is on fire in the Richmond area in the middle of a pandemic, but I don’t know that we’d find…
Market Snapshot: July 2020
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…
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…
Market Snapshot: May 2020
May’s stats clearly reflect the impact COVID-19 and sheltering in place had on the real estate market in RVA. With the typical 45-60 day closing period, May’s numbers show a…