Richmond’s market is still booming is August 2021! Yes it’s still a seller’s market, and we are dropping our end-of-summer market update for Richmond, VA, to show you that your local market has been consistent in giving both buyers and sellers the best deal possible.

Here’s what we found:

– Homes sold in Richmond increased from last August by 31%

– Richmond’s home prices increased from last August by 12%

– Homes in Richmond were on the market for an average of 9 days, compared to August 2020, the average number of days on the market was 65

These indicators mean our sellers are getting MORE money for their homes FASTER than ever before!

You may be wondering, why has the real estate market remained so prosperous throughout 2021?

Interest rates are still at record lows, allowing buyers to obtain smaller overall mortgages despite higher home prices. Waiting until a market “correction” or “crash” when prices drop, means interest rates will spike back up, making mortgages cost way more! Our buyers know to purchase when interest rates are low, like RIGHT NOW, for the best deal!

The market right now could not be better for both buyers and sellers in Richmond!

Your Price Is Our Promise® Your Home SOLD 100% of the Asking Price or We Will Pay You the Difference! Call us at 703-297-4251. Visit us at RTRSells.com/100-percent-of-asking-price.
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Sell Faster! Selling a home can be so stressful, especially when your home sits on the market. We sell our listings three times faster, which reduces stress for our clients and gets more money in their pockets. Curious about how quickly your home could sell? Call Us at 703-844-1227.