New Streak in New Listings for Richmond City Real Estate Market

The Richmond City market will be getting more competitive in the short term. Sales have fallen this week to 212 homes sold over the last 30 days, and there is also a recent upward trend of new listings, with 323 going live in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. With the strong number of new listings, months of inventory hit three, extending an upward trend to four weeks. With such low levels of inventory, Richmond City is still a seller's market, in spite of the dip in sales.

You can be the one to discover a gem in Richmond City by checking out these new listings:

$999K   $549K   $795K  

Get started right now by checking out Richmond City homes for sale or reviewing Richmond City real estate trends.

Demographic facts about Richmond City:

  • The median house value here is $134,300.
  • This area usually gets 113 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 8.6%.
  • For every teacher there are 13.2 students in this area. (15.3 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Lifelong Realty Inc
Snapped 2 homes in this area
Joyner Fine Properties
Snapped 14 homes in this area
Joyner Fine Properties
Snapped 21 homes in this area

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