Real Estate Market Stats for Richmond VA Sept 2016

Real Estate

Real Estate Market Stats for Richmond VA Sept 2016

A great amount of data can be read from the Richmond MLS. 

Richmond is in a sellers market as we have only 4.7 months supply of inventory. And our average days on market is down. Following month to month trends and year over year we can see how the market is performing. As expected with more homes selling, prices are increasing with the medium sale price up by 6.83%. Interest rates are still low! So if you are considering a move to, from, or just inside Richmond, now is a good time. 

Here is a quick summary.

Sept 2016 RVA-1

 

 

Click here for a PDF of the full real estate market stats for Richmond VA Sept 2016,

To learn more about how these numbers impact you, call us today!

Scott Fogleman 804-573-9592