While mid 2022 was a rough period for many markets, the north side of Richmond among affordable homes (750-1150sf) faired relatively well. There was certainly a weakening, however the market has recovered well and continues to increase currently (03/31/2023) at approximately 5.5% annually. Agents take care in listing that you're not over pricing - recent data indicates a more rapid increase in list prices, and a decrease in sale:list price ratios. Over pricing will likely result in a higher marketing time and frustrated sellers. Prices are going up, but temper expectations.
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