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: July 2021
We hear a lot about the shortage of inventory this year, but that’s actually not the case. Compare the number of homes sold in July this year with July of last year. It’s…
Market Snapshot: June 2021
There’s been a mind-boggling FIFTY-THOUSAND DOLLAR increase in median home prices in central Virginia in the past year. MIND. BOGGLING. And just a reminder that the 6 median days on…
Market Snapshot: May 2021
It’s immediately evident that something BIG happened in March of 2020 when you look at the number of homes sold in May over the past three years. Since most home closings…
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…