Market Report for Oct 2018

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Richmond Real Estate Market Report for October 2018

 

Lots of people talking that the market is changing, interest rates going up and sales are down. What are the current facts?

September’s market reports tell us a few things! Looks at the number of sales and you think the market is bad. However look at months end inventory, sales success and …

The absorption rate is important, as are days on market. These two numbers tell you it is a good time for sellers and the current values are higher. So now is a great time to sell! Inventory being low tells us we need homes, so if you are thinking about selling, now is the time! 

Richmond Market State