The Liz Moore Market Watch Blog

Months Supply of Inventory Drops to 3.06 in Richmond

Posted by Lynnette Tully on Thu, Oct 27, 2016 @ 02:34 PM
Arrows-down-graph.jpgThe 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, 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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Tags: Home Sale Statistics & Trends, Richmond