In March we’ve had the pleasure to host a bus tour of Richmond for CoStar Group employees who are looking to relocate from San Diego to Richmond. We explored the wide array of unique neighborhoods, taking into account a variety of price points, different commute times and school options. It’s incredible what Richmond has to offer. We’re excited to welcome our new west coast friends to our beautiful river city!
market update
This is the time when home buyers and sellers come out of hibernation. The housing market is gearing up for spring, the busiest time of year. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about the Richmond market:
- mortgage rates keep hovering right under 7%
- inventory continues to be tight
- good listings get multiple offers quickly
sellers
- don’t overplay your hand, price a property reasonably
- list early
- consider a few small projects that might improve curb appeal
buyers
- get pre-approved
- create a “must-have” and a “wish list” of amenities you consider important
- connect with us, your trusted local real estate advisors
