2020 was a year unlike any other. Though the year was filled with unprecedented tragedy, trials, and tribulations, there were moments of joy worth celebrating—new babies were born, a record number of dogs were adopted, and many experienced the undeniable joy of purchasing a new home. With a sense of gratitude and optimism, we offer this 2020 Richmond Annual Wrap-Up—we look back to move forward.
- There were 18,370 total home sales in the MSA in 2020 compared to 17,215 in 2019. This translates into a 6.7% increase.
- From 2019 to 2020 the average sales price increased by 9.2%. In 2020 the average sales price was $333,722 compared to $305,500 in 2019.
- In 2020 on average a listing stayed on the market for 27.2 days before closing. The average price per square foot was $154.00.
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We hope the 2020 Nest Annual Wrap-Up gets you thinking about all of the ins and outs of the local and national market. Have questions? Great! Nest is ready to be your local housing market experts!