richmond va real estate market report: Richmond, Va. Real Estate Market Report-December 2016
- 01/10/17 02:52 PM
Richmond, Va. Real Estate Market Report-December 2016 What Does This Data Mean?In our local area, the median sold price for Single Family properties for December was $227,000, representing a decrease of 0.9% compared to last month and an increase of 3.7% from Dec 2015. The average days on market for units sold in December was 54 days, 15% below the 5-year December average of 63 days. There was a 14.4% month over month decrease in new contract activity with 1,027 New Pendings; a 16.4% MoM decrease in All Pendings (new contracts + contracts carried over from November) to 2,141; and a 16.8% decrease in supply to 3,047 active units. This activity resulted in (0 comments)