The second week of the New Year in Richmond, Virginia shows continuing signs of housing market improvements. In general, activity is increasing; calls and appointments are picking up and there better than usual contract activity. Is this a temporary condition, a last ditch effort to take advantage of government incentives, or is this the precursor of a healthy spring market?
Time will tell us, but I am much encouraged by the signs that indicate the number of listings and sales is starting to increase. Especially sales! There is evidence by the number of contracts we are getting in our office that things are much better today in real estate than they were this time last year. I'd say even better compared to as little as three month ago. The best part is that we are beginning to see movement in areas above the first-time home buyer. This is very exciting news!
What this news doesn't tell us is that this is still a buyer's market and that there are plenty of deals to be made. With this in mind, if you are thinking about making a move but have been waiting for the right opportunity, this could be it. The market will continue to change as it always does. Just remember there is no perfect time to make a change, but some times are certainly better than others. It's looking like this could be one of those times.
I will encourage you to keep an eye on the first quarter statistics for housing listing/sales in Richmond. I anticipate a very positive report that will further boost confidence in the housing arena. Think about it; I'd love to hear you are getting in on the front end of an improving real estate market. Contact your most trusted REALTOR for assistance.
John VanderSyde is an Associate Broker with Virginia Properties, A Long & Foster Company, and is also a Licensed Architect. You can learn more about John and Ann by visiting www.InSydeHomes.com or by calling (804) 282-7300
Comments(0)