What day are most houses put on the market?

What day are most houses put on the market?

Thursday is the most popular day for agents to debut new listings, and homes listed on that day apparently sell fastest, according to Redfin, a real estate brokerage. Redfin analysts based their findings on a sample of 100,000 homes that sold in 2017.

Is Richmond VA a buyers or sellers market?

Richmond, VA is a seller’s market in February 2022, which means that there are more people looking to buy than there are homes available.

What is the real estate market like in Richmond VA?

Key Market Stats: Home values in Richmond have increased by 14.9% over the last year. Over the past five years home values in Richmond have increased by 63%. Median list price of a single-family home in Richmond is $300,000 based on the most recent report from Realtor.com (November 2021).

Is Richmond real estate a good investment?

Buying real estate in Richmond, VA can be a worthy investment for 2022. Forbes ranked Richmond #55 as the best place for business and careers in the U.S. Richmond’s real estate market remains brisk, with buyers willing to pay more for homes than sellers are asking.

What is the slowest month for real estate sales?

According to the National Association of Realtors, the slowest month for real estate sales is January, with November, December, and February not far behind.

Is the housing market slowing down in Virginia?

“We’ve seen, over the past year, both home prices and sales volume go up between 10 and 12 percent throughout the Shenandoah Valley. We expect continued increases in 2022 but maybe not at the same increase percentage. We expect to see that pace slow a little bit,” he said.

Is the real estate market slowing down in Virginia?

The supply of houses on the market dropped by 54% from June 2019 to June 2021.

Is 2022 a good year to buy a house?

“All indications are that mortgage interest rates will go up somewhat as the year goes on, with many saying the 30-year fixed rate may be as high as 3.6% in the 4th quarter of 2022 — [which is] still extremely low,” he said. He said this will give buyers the ability to afford more house.

Is it better to close on a house in December or January?

If cash is in short supply, closing as late in the month as you can can make economic sense. However, the later you close, the sooner your first full mortgage payment will be due. Here’s another example of how it works: Say you close on Jan. 28.