Richmond Housing Today

Current housing market information for Richmond, VA

May ’11 Summary

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  • The number of sales is expected to increase in 2011.
  • Because of the large inventory of houses and the continued short sales and foreclosures, prices are not expected to increase for at least another year.
  • The interest rate is expected to increase in 2011.
  • It’s a GREAT time to BUY due to low prices and low interest rates.
  • To sell a house, it needs to be a “Diamond and a Deal.” The house needs to be perfect, staged, clean, painted, landscaped, etc., and needs to priced to sell.
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