|
 Richmond homes for sale are an affordable option compared to the northeast real estate. Richmond homes for sale median price of $214,500 is in line with the national median of $215,900, but much cheaper compared to many markets to the north, such as Washington D.C. where the median price for homes for sale is over $440,000, according to the National Association of Realtors in their latest release.
Richmond homes for sale market offers a range of styles including bungalows as well as colonial homes inspired by the nearby historic Williamsburg. Richmond homes sales dipped slightly in December, though average Richmond homes for sale prices rose over 20% from a year earlier, indicating the market is still fairly solid. Ms. Peaslee expects appreciation levels to slow to a single-digit pace this year.
|
|
|
The Richmond homes for sale market seems to now be favoring buyers, with most homes taking a month or more to sell. Richmond homes for sale prices are down slightly now and they may drop a bit more before going back up. There have been good activity so far this year. Interest rates for buying Richmond homes for sale are still historically low and new business growth in Richmond has also helped the market. Houses under $350,000 are still selling in a matter of weeks but pricier Richmond homes for sale are taking up to three months to sell.
|
