Posts made by author 'Wes Atiyeh'
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23
Virginia December 2022 Homes Market Overview
The market in VA is not all doom and gloom but in reality it is still healthy and vibrant. Depending on how which side of the transaction you are on. Despite rising interest rates, they are still at historic lows and buyers are still in the market and in high demand. Some areas of the Commonwealth, especially in Richmond where there is still competing offers or the house selling fast with very little days on market.
- Months supply of inventory in Richmond Metro is at 1 month.
- Days on Market is at 9 days an increase of 50%.
- Houses for sale was at 999 up 32%.
- The Average list to sales price is at 99.5% down 2.8%.
27
Confused About What's Going on in the Housing Market? Lean on a Professional.
If you're thinking about buying or selling a home, you probably want to know what's really happening with home prices, mortgage rates, housing supply, and more. That's not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains:
"Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of head...
13
Real Estate Report for 2023
Today's buyers and sellers face unique challenges, and it's up to a trusted real estate professional to guide you through this wild market. To help with this mission, I work with Brian Buffini in providing this Real Estate Report. This serves as a guide that provides relevant informaiton to help you understand what's going on in your region and at the national level. Dice in and learn all that you need but if you want LOCAL informaiton seek a LOCAL expert .... Wes Atiyeh®
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