Home sales in the Richmond market remained slow in this week's report as they slid 33.3% to two homes sold over the last 30 days. In comparison, nearby Houston had 1,731 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in Richmond, and for this period the median sales price slid from $190,000 to $161,100. Richmond is a definite buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.
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