MyMarketPulse (mymarketpulse.com) has unveiled its analysis for February 2024, focusing on the property market trends in Richmond, Virginia.
February 2024’s data reveals a Median Sale Price of $350,000 for homes in Richmond. This figure represents a growth of 3.20% month-over-month and a 6.40% year-over-year increase.
The region reported 154 home sales, marking an increase of 32.80% from the prior month, and 0.70% growth year-over-year.
The median time homes spent on the market was 20 days, which is down 3 days compared to last month and an increase of 4 days over the previous year.
With a Market Pulse Score of 90, the analysis suggests a falling trend in Richmond’s housing market momentum.
For more information about the Richmond, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
MyMarketPulse – Know What the Pros Know