MyMarketPulse (mymarketpulse.com) has unveiled its analysis for August 2024, focusing on the property market trends in Richmond, Virginia.
According to the latest data, Richmond’s Median Sale Price was pegged at $377,478, showing a decrease of 2.0% from the preceding month and a rise of 2.0% from the year before.
The region reported 152 home sales, marking a reduction of 31.2% from the prior month, and 5.0% decrease year-over-year.
The Median Days on Market for homes in Richmond stood at 10 days, which is a decrease of 1 day days over the previous month and unchanged by day from the previous year.
With the Market Pulse Score sitting at 104, the trend in Richmond’s housing market seems to be rising.
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.
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