Richmond Housing Market Improves

mortgage and down paymentIt’s spring in Richmond and there’s budding life in one area you may be surprised to learn about­—the housing market! It’s more than just local success; state and national markets are on the upswing as well. Recent reports from both the Richmond and Virginia Association of Realtors show evidence of this recovery sustaining!

What does this mean for new homes in Richmond VA? Inventory is decreasing as competition and demand increase! We’re even beginning to see homes sell within just a few days on the market. This increased demand is naturally lowering the inventory so multiple buyers are making offers on the same home and prices are creeping up.

This is great news if you want to buy a new home in Richmond VA, especially if you have a home to sell! Now would be the ideal time to touch-up any last minute items around your house and get it in pristine showing condition. The average sales price is going at about 97% of the average list price. That means sellers are getting close to their asking price! Plus, with fewer homes on the market, your home will naturally have more visibility!

Chesterfield and Henrico Counties are leading the way in recovery according to their home sales so far this year. Main Street Homes offers neighborhoods in both of these desirable locations with Quick Delivery Homes ready for move-in! From our spacious 4 bedroom, 2 ½ bath homes in Brading Park at Collington to our sought-after designs in Turner Forest, you’ll find a home that suits your dreams!

Choose your new home now while prices are still incredibly affordable. Take advantage of the interest rates that remain historically low. And if you have a home to sell, get the most out of it by listing it now! Call or visit us at Main Street Homes so we can help you find your new home soon!

 

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