Here’s the latest data from our local Central Virginia real estate market.
Are you interested in knowing where home prices are going? Today we want to go over the market data from April and give you an idea of where our market is headed. You’ll get a chance to see the same numbers that the economists see.
You can watch the full video above, or skip to each section using the timestamps provided:
0:00 — Introducing today’s topic
0:34 — The average and median sales price
1:25 — The number of new listings
2:45 — Our closed sales and list-to-sales-price ratio
3:36 — The national historical median home value
4:50 — The market usually rises and levels off, but 2020 was not normal
5:56 — We’re looking at some sort of market adjustment
7:10 — Wrapping up
If you have any questions about these stats or real estate in general, feel free to call or email us. We would love to hear from you.