Richmond, VA
Real Estate Trends

November 2016 Market Trend Report

THIS CITY IS A

BUYER'S MARKET

WHY IS IT A BUYER'S MARKET?

HOMES ACTIVE
HOMES SOLD
BUYER'S MARKET
SELLER'S MARKET

Looks like demand
is LOW in this area!

Home types

WHAT TYPES OF HOMES ARE SELLING?

Single family homes

10

SINGLE FAMILY HOMES

Condos

1

CONDOS

Townhouses

2

TOWNHOUSES

MEANWHILE...

127

HOMES LISTED

HOW MUCH DID BUYERS PAY

Sold Prices for November

HOW MUCH HOMES LISTED FOR?

Median List Prices

$220k
$10k
$180k$208k$237kNovOctSepAugJulJun

HOW FAST DID HOMES SELL?

Days on Market - Sold in November

UNDER
1 MONTH
0Homes
1-3
MONTHS
9Homes
OVER
3 MONTHS
6Homes

HOW LONG DID IT TAKE FOR HOMES TO SELL?

Median Days on Market for Sold Listings

79
DAYS
0%
5965707681NovOctSepAugJulJun

And finally...What's the hottest street in

Richmond

floyd ave

For November 2016, Richmond, VA has been a buyer's Market - demand in this city is low. The inventory of homes for sale in Richmond, VA was 1,341 and 15 homes were sold.