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    November 2016 YTD Market Report [INFOGRAPHIC]

    Increased Equity for Homeowners

    The housing numbers for the Richmond area and surrounding counties continue to push upwards with another exceptional year in 2016. Combined appreciation of 6.8% estimated increase over the past two years has really helped homeowners earn equity in our area. We do not foresee a change in the upward trend in 2017 fortunately.

    How does That Effect Buyers?

    On the flip side, as homes continue to increase in value and now with the rising interest rates it will be much harder for buyers to purchase homes moving forward. We believe 2017 may be one of the biggest years we’ll see in sales volume due to rising prices and rates. If you’re thinking about transitioning housing in the near future then 2017 may be the ideal time before we see these changes.

    Here’s a breakdown of the numbers in our market for November:


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    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Central Virginia area.


    Selling my home through Poore, Reichstetter & Associates [Explore Realty Group] with Blake, Curt & April was the best and most lucrative decision. From my initial meeting with them through the close date, they kept me apprised every step of the way. Their market analysis of my property and the subsequent purchase price of my home, was spot on. I could not have been more satisfied.
    Deanna (Seller)