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February Market Update
A Look at the Trends Shaping Richmond
February is here, and with it comes fresh opportunities in the Richmond real estate market! Whether you’re thinking about buying or selling, understanding the latest market trends can help you make the right decisions going forward. If you have questions about what’s happening locally, I’m happy to provide insights to keep you informed and prepared for what’s next.
Richmond
Richmond’s real estate market saw a mix of activity in January. The average home value decreased slightly to $165,130, a 3% decline from December’s $170,652. However, total closings increased to 129, up from 113 in December, marking a 14% rise. The average days on market for properties in Richmond decreased to 75 days, down from 88 days in December, indicating an increase in market activity.
As we move forward into February, staying informed on these local market trends can help you make the most of available opportunities. Whether you’re considering listing your home or looking for the perfect property, I’m here to provide expert guidance every step of the way.
