What the recent rise in inventory means for both buyers and sellers.

More listings are coming on the market, but what does that mean if you’ve been waiting to buy? If you’ve been waiting to sell your old home because you weren’t sure you could find a new one, you’re in luck.

Recent data shows that more new listings are coming on the market every month, and this is good news for anyone looking to buy a home. The graph at 0:43 in the video shows the national data for new listings each month, and you can see that the numbers have been climbing steadily. The data for our local Richmond market follows that same trend too. 

“These market conditions will not stay the same forever.”

Even though more listings are coming on the market, those homes are still selling quickly. The average time it takes a home to sell in Richmond remains around 15 days. If you’re looking to sell your old home and buy a new one, you’ll have more options to choose from, and your old home should still sell quickly. 

However, these market conditions will not stay the same forever. There is a shift coming, so if you’re thinking of buying, selling, or both, call or email us today. We promise there won’t be any gimmicks or high-pressure sales tactics, just an honest conversation about your needs. Remember, it’s not the market; it’s the marketing that makes the difference.