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: August 2022
Six months into the current age of interest rate hikes, we are still seeing a very active market. Prices have decreased less than 3% since the high in June of…
Market Snapshot: July 2022
The Richmond story continues to differ from the national narrative that we hear about in the news. The low inventory in our market means that sales are happening quickly and…
Market Snapshot: June 2022
While we are seeing slight adjustments to the market, we have not experienced any dramatic changes even after almost six months of increases in interest rates. Our local Richmond market…
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…
Market Snapshot: April 2022
The big news, of course, is that interest rates are on the rise. The takeaway is: Don’t Panic! We really needed something to calm the frantic market we’ve had for…
Market Snapshot: March 2022
The biggest change recently is the rise in interest rates from right around 3% to solidly in the 5% range, in just two to three months. Of course, the big…
Market Snapshot: February 2022
In addition to these year-over-year comparisons, the difference in median home price just from January 2022 to February 2022 is almost $15,000! And in the last two years it’s gone…
Market Snapshot: January 2022
Stats. Rinse. Repeat. There’s not much new to say! Demand continues to bear down on us like a tidal wave, and supply remains meager. So far the minor increase in…
Market Snapshot: December 2021
Happy New Year and welcome to another robust year in the RVA real estate market! When people read headlines about inflation and rising interest rates, they often think BUBBLE. And…
Market Snapshot: November 2021
When I look back at the graphs for the last several months there has been a clear leveling out. Median prices have hovered between $320-325k, whereas there had been a…
Market Snapshot: October 2021
We haven’t seen a lot of change this month over last. Though it is still a brisk market, it has remained a bit calmer and the spike in prices is…
Market Snapshot: September 2021
Over the last month or so, we’ve seen the market calm just slightly for the first time in more than two years. As I’ve mentioned a few times recently, a…