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: 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…
Market Snapshot: August 2021
August happened, typically a super slow time in the market. Interest rates bumped up slightly. And still our stats remained largely the same. The bidding wars are a little more sporadic, with…
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…