Reports for May 2018 on the Chesterfield and Henrico Counties’ real estate market are bringing in impressive statistics for sellers. As we move toward warmer months, there’s no doubt that things are getting hotter when it comes to the current inventory in these two counties. Sellers are seeing buyers who are willing to put down the money needed to get the home of there dreams in record time. If this continues, we may see even more action from buyers as inventory shrinks.
Let’s look at some of the more prominent statistics from the Chesterfield County real estate market. There were 528 homes sold during the month of April. This number is up 3 percent from this time last year, but it shows a slight drop from the 522 homes sold in March.
Let’s analyze some of the statistics and market trends for this month in Henrico County. There were 438 properties sold in the month of April. That’s an impressive increase from the 371 sold in March. In fact, the number of homes sold has increased for each of the last three months. When compared to last year’s numbers, we see an increase of 17 percent.