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Michelle Rosman

Richmond Realtor

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market snapshots
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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: December 2022

Looking at the difference in the number of homes sold in 2022 versus 2021, you might assume the drop is due to the increase in interest rates. But it’s not.…

Market Snapshot: December 2022Read More

Market Snapshot: November 2022

The most telling detail in November 2022’s stats is that median home prices went up by about $4,000 between October and November, after declining only slightly since May in response to…

Market Snapshot: November 2022Read More

Market Snapshot: October 2022

At this moment, the market is feeling very much like a normal market before the days of monumental up-bidding, across-the-board contingency waiving, and 20-somethings finding $500k in someone’s attic. More…

Market Snapshot: October 2022Read More

Market Snapshot: September 2022

The interest rate hikes appear to be doing what they were meant to do. The market is cooling down, but it’s a minor cool-down and not concerning. We needed things…

Market Snapshot: September 2022Read More

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: August 2022Read More

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: July 2022Read More

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: June 2022Read More

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: May 2022Read More

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: April 2022Read More

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: March 2022Read More

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: February 2022Read More

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: January 2022Read More

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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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