Facebook
X
Pinterest
Copy Link
August Market Update:
A Look at the Trends Shaping Our Region
As July wrapped up, and the Richmond housing market showed clear signs of momentum. With seasonal demand in full swing and buyer interest holding strong, the local market continues to evolve. Whether you’re planning your next move or just keeping an eye on trends, the latest update offers a helpful snapshot of where things stand. Here’s what unfolded in Richmond last month.
Richmond
The Richmond market continued its spring surge with both prices and sales volume on the rise. A total of 132 properties changed hands in July, up 3.94% from June. The average sale price increased to $187,983, marking a 1.49.% increase from the previous month. Homes also moved slower, averaging 72 days on the market, a increase from June’s 61 days—showing increased supply & demand, and that buyer urgency has declined.
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!
