Here’s a look at the real estate market for Henrico County and Chesterfield County for June 2018. Inventory is up in both counties are we move further into warmer months. Will this continue throughout the summer? Let’s take a closer look at this month’s statistics for the real estate market in these counties.
- 📊 Chesterfield County Stats
- 💵 What does this mean for Chesterfield County buyers?
- 💰 What does this mean for Chesterfield County sellers?
- 📈 Henrico County Stats
- 💲 What does this mean for Henrico County buyers?
- 💰 What does this mean for Henrico County sellers?
- 🏡 Chesterfield County Homes for Sale
- 🏘 Henrico County Homes for Sale
📊 Chesterfield County Stats
Let’s look at some of the more prominent statistics from the Chesterfield County real estate market. There were 615 homes sold during the month of May. This number is down 5 percent from this time last year, but it shows an increase from the 528 homes sold in April of 16 percent.
Chesterfield County’s median sale price for May was $251,900, which is an increase of 3 percent from the median sale price of $245,000 in May of 2017. Active inventory as we ended the month of May was at 1,339. This number shows a decrease of 8 percent from the 1,455 seen in May of 2017.
💵 What does this mean for Chesterfield County buyers?
The average number of days on market for a home in Chesterfield County has decreased to 32 days. This marks a 9 percent decrease since last year. We ended May with a 2.2 months supply of real estate inventory. The market is considered balanced with a 6 months supply.
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💰 What does this mean for Chesterfield County sellers?
There’s good news for sellers! Chesterfield County market trends are showing that sellers are typically receiving 100.3 percent of their listing price. If you’re thinking it’s time to sell your Chesterfield County Home, take a look at how much your home is worth. This will give you a general idea of your home’s value as you begin considering the listing price. Give us a call to get a comprehensive report that considers other factors such as market trends, other homes being sold in the area, and any upgrades made to your property.
📈 Henrico County Stats
Let’s analyze some of the statistics and market trends for this month in Henrico County. There were 470 properties sold in the month of May. That’s an increase from the 438 sold in April. We’re seeing a continued increase in sales month by month as we move into the warmer months of the year. When compared to last year’s numbers, we see a decrease of 4 percent.
Henrico County’s median sale price for May was $271,475, which is an increase of 11 percent from the median sale price of $244,000 in May of 2017. Active inventory as we ended the month of May was at 858. This number shows a decrease of 10 percent from the 952 seen in April of 2017. However, it does show an increase of 13 percent from the 761 from last month.
💲 What does this mean for Henrico County buyers?
There is currently a 1.8 months supply of real estate inventory. This number is down 6 percent from the 1.9 month supply we recorded this time last year. There were 729 new listings in May, which is an increase of 2 percent from last year’s 713. It’s a good idea to sign up for access to the latest homes to hit the market. Getting an email alert when a new home is on the market saves you time and gives you an advantage over those relying on traditional methods of searching for a home.
💰 What does this mean for Henrico County sellers?
Henrico County trends are showing that sellers are receiving 99.9 percent of their listing price. That percentage is 0.5 percent higher this year than in May of 2017. The average number of days a home is on the market is averaging 20. That’s a decrease of 38 percent from the 32 days recorded last year at this time. If you’re ready to put your home on the market, you’ll want to contact an amazing real estate agent to help create a successful marketing plan. We can help you set the right asking price that gets the attention of potential buyers.
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