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May Market Update
A Look at the Trends Shaping Our Region
As the real estate market shifts toward the spring season, the Richmond area is seeing steady activity with buyers and sellers preparing for their next moves. Whether you’re considering listing your home or exploring new opportunities, staying informed about current trends can help you make the best decisions!
RICHMOND
Richmond’s market activity picked up in April, with 148 sales recorded, marking a 17.46% increase in closings from March. While prices dipped slightly to $186,393, up 18.50%, buyer interest remains strong. Homes took longer to sell, averaging 80 days on market, down from 85 days last month—a sign of buyers’ interest heating up for spring.
As the market continues to shift, staying informed on these trends can help buyers and sellers make confident real estate decisions. If you’re planning a move or simply keeping an eye on the market, now is a great time to explore your options!
