Richmond Real Estate Market Update

Richmond Real Estate Market Update

Average List Price	$198,482
Average SOLD Price	$189,801
Average Days on Market	70
Sold Price per Sqft	$95.63
Total Number Homes Sold	856

Areas: 10, 20, 30, 50, 60 – January 1, 2012 to June 21, 2012
*All information deemed reliable but not guaranteed.

Compared to same time last year, 2011:

Average List Price	$207,619
Average SOLD Price	$195,830
Average Days on Market	75
Sold Price per Sqft	$95.10
Total Number of Homes Sold	859

Areas: 10, 20, 30, 50, 60 – January 1, 2011-June 21, 2011
*All information deemed reliable but not guaranteed.

What does this mean? Richmond home sellers are receiving approximately 95% of their list price, which is equal to where is was last year in the Richmond Real Estate market. Home values may have dropped slightly, but so have days on market.

Remember, real estate is local, down to not just the general area, but specific neighborhoods as well. This information does not include areas such as Henrico County, Chesterfield County, Goochland County, etc. If you would like to know the statistics for your area, I would be happy to provide you with that information! Contact me, Shannon Milligan at Home Sweet Henrico with Keller WilliamsRealty Richmond West, and let me light your way to home sweet home!