The supply of inventory in the Greater Richmond area has dropped to a low 3.06 months.
This benchmark reflects the number of months it would take to exhaust active listings at the current sales rate. Generally speaking, a 3 month supply of inventory indicates a seller's market.
What does this mean for you? It's a great time to sell!
Statistics are from CVRMLS, and are based on data from January – August, 2016.
If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.
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