Home Sales Down in Richmond Metro Area Real Estate Market

The Richmond Metro Area market slowed this week but was still better than normal as sales fell to 1,536 homes sold over the last 30 days. Chesterfield County made up the largest percentage, with 417 sales on its own. There are four months of inventory remaining in the Richmond Metro Area, and the market is swinging toward the buyer, especially since the median sales price dropped to $215,000 this week.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in the Richmond Metro Area:

$1.7M   $1.4M   $5.9M  

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

Demographic facts about the Richmond Metro Area:

  • The population growth rating is 60. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $9.10/$1,000.
  • The area's commuter length breakdown is: <15 min (23.5%), 15-29 min (42.9%), 30-44 min (22.0%), 45-59 min (6.4%), >60 min (5.2%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Joyner Fine Properties
Snapped 104 homes in this area
Napier ERA
Snapped 23 homes in this area
Joyner Fine Properties
Snapped 47 homes in this area

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