In general the local Richmond Real Estate Market Stats. after three quarters summarize like this.
- Year to date inventory (homes that listed for sale) was up. = Inventory Up Some
- In most (not all) sub areas of the greater metro houses appreciated but at a less % than a year ago = slower appreciation
- In some sub areas house prices have dropped. = some areas went down in value / depreciated.
- recently 30 year mortgage rates fell into the low 6% range.