Your Richmond Home - Everything Real Estate

The Richmond Virginia real estate market continues to be a very tight sellers market - where the supply of homes for sale continues to be very low, while buyer demand continues to be very high.  This tight sellers market of low supply and high demand continues to put pressure on prices and prices continue to appreciate.   Central Virginia Richmond MLS Area Chesterfield County Hanover County Henrico County City of Richmond Conclusion Supply of homes for sale continues to be very limited! But buyer demand for these homes continues to be very high! Which is putting pressure on prices and allowing prices to continue to appreciate! This means we are currently in a tight seller's market! But we are moving more towards a more neutral market! Months supply of inventory throughout the metro area is at 2 months - a slight increase from last year at this time of 1.9 months.   In September 2024, the number of homes that went under contract (but have not yet closed) was 1,682 - almost 17% highe