Flowers aren’t the only things blossoming this Spring! The Spring Real Estate market is upon us, and we are here with a Richmond Real Estate Market Update to ensure you are up to date on current and projected market trends.

Spring is typically the most active season in Real Estate because individuals start listing their homes when the weather starts warming up & the holiday rush is finished. This spring is no different, and we are already seeing a slight increase in new listings for sale in the Richmond area. For anyone considering listing their home for sale, now is an excellent time as homeowners are currently sitting on the most equity they have ever had at any point in history due to steadily rising prices and home values.

After a year of declining, homebuilder sentiment rose at the beginning of 2023 to the highest level in a decade. This means builders predict an increase in new construction homes. So, new construction may be a great option while searching for your next home!

If buying a resale home, know what you can afford and work with a full-time REALTOR® who knows the market and can properly advise you and help you get the home of your dreams!

Whether buying or selling, contact Providence Hill Real Estate so you can be represented by local agents who have a proven track record for helping their clients achieve their goals! We would love to guide you through every step of the process! Our real estate firm is committed to serving our clients before, during, and after purchasing or selling their dream home. Our marketing strategy is market tested and customized to your specific goals.

If you’re looking to buy or sell your home, we are here to help!