In my four decades of guiding Richmond buyers and sellers, I’ve seen how shifts in the housing market can impact plans and dreams. Recently, we’ve observed new home listings climb 0.4%—the most available since April—while total homes for sale are up 0.5%, reaching a peak not seen since May. Yet, even with more options on the market, pending home sales have dipped 1.1% to a six-month low, largely due to persistent costs and mortgage rates hovering around 6.65%. These numbers reflect the evolving dynamic between supply and demand—a familiar rhythm for those of us who’ve navigated many market cycles. My role, as always, is to help you approach these changes with trust and confidence, making sure your decisions are informed every step of the way.
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