Here’s a look at the real estate market for Henrico County and Chesterfield County for September 2018. Both counties are experiencing a dip in the number of new listings that are hitting the real estate market. 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 669 homes sold during the month of August. This number is up 7 percent from this time last year, but it shows a decrease from the 703 homes sold last month.
Chesterfield County’s median sale price for August was $262,500, which is an increase of 2 percent from the median sale price of $258,000 in August of 2017. Active inventory as we began September was at 1,468. This number shows a decrease of 10 percent from the 1,624 seen this same time in 2017. Last month, there were 1,394 active listings.
💵 What does this mean for Chesterfield County buyers?
There were 777 new listings added to real estate inventory in Chesterfield County in August. This number is down slightly from the 793 new listings last month and down 3 percent from the 797 new listings in August 2017. There were 551 pending sales recorded this month, which shows a decrease of 1 percent when compared to this same month last year. We began September with a 2.2 months supply of real estate inventory. This number is slightly higher than last month but is still down 16 percent from this time last year. For a market to be considered balanced, there must be a 6 months supply. This time last year, Chesterfield County has a 2.6 months supply.
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💰 What does this mean for Chesterfield County sellers?
Chesterfield County market trends are showing that sellers are typically receiving 99.7 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. The average days on the market for this area is currently 31 days.
📈 Henrico County Stats
Let’s analyze some of the statistics and market trends for this month in Henrico County. There were 497 properties sold in the month of August. That’s an improvement over the 483 sold last month. When compared to last year’s numbers, we see a decrease of 4 percent.
Henrico County’s median sale price for August was $262,950. The comparison year-over-year shows that the price is up 10 percent from the $240,000 recorded in August of 2017. Active inventory as we ended the month of August was at 890. This number shows a decrease of 9 percent from the 981 seen in August of 2017. Active inventory is also down 8 percent when compared to last month’s number.
💲 What does this mean for Henrico County buyers?
There is currently a 1.8 months supply of real estate inventory. This number is slightly lower than the supply for last month, but it remains consistent with numbers recorded in August 2017. There were 514 new listings in August, which is a decrease of 6 percent from last year’s 546. 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 100.3 percent of their listing price. That percentage is 1.1 percent higher this year than in August of 2017. The average number of days a home is on the market is averaging 28. That’s a decrease of 13 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.
🏡 Chesterfield County Homes for Sale
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