From: Richmond Times Dispatch The housing market in the Richmond area and surrounding counties is closing in on its fifth year of year-over-year growth, according to a report released Tuesday by the Central Virginia Regional Multiple Listing Service. Residential sales in the immediate Richmond area — the city and Chesterfield, Hanover and Henrico counties — rose 6 percent in the third quarter from the same period a year ago.
The median price in the area, with half the homes selling for less and half for more, was $234,097 in the third quarter, up 4 percent from the same period a year ago.
The city of Richmond led the area in sales growth with 781 sales, up 16 percent from last year — marking the sharpest quarterly year-over-year percentage sales increase the city has seen in three years, according to the report.
In the 16 jurisdictions that make up the region, home sales — which totaled 5,224 in the third quarter — rose 8 percent from the same period a year ago READ FULL STORY