MyMarketPulse (mymarketpulse.com) has unveiled its analysis for May 2024, focusing on the property market trends in Richmond, Virginia.
According to the latest data, Richmond’s Median Sale Price was pegged at $418,000, showing an increase of 9.9% from the preceding month and a rise of 14.5% from the year before.
Sales of homes in the region saw 247 homes changing hands. This represents an increase of 15.4% from the month before and up 4.2% compared to the same month last year.
Additionally, the Median Days on Market for listings was observed at 11 day, 1 day longer compared to the previous month and longer by 1 day from last year.
The Market Pulse Score for Richmond is presently at 115, signaling an upward trajectory in the market’s activity.
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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