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Midlothian Housing Market Welcomes an Increase in Inventory
December 2017 saw 87 homes listed for sale, a decrease from November 2017’s 161 homes newly listed. The total amount of available units was brought to 272, a sharp decline of 30 percent when compared to November 2017, which had 386 units listed on the market. There were 1.9 months of home supply readily available, which is less than a third of the 6-month recommended real estate supply. This is down 24 percent from a year ago.
The median sales price for December 2017 was $290,000, an increase from October 2017’s $279,425 and September 2017’s 281,635. This increase is an identical match to 2016’s median sales price. Sellers are receiving 100 percent of their asking price, like November 2017.
Sellers who opt to list their home at this time may find themselves waiting only slightly less for a sale than if they had listed their homes last year. Although the real estate market tends to stagnate in the winter, there is only a surprising 1.9 month of supply in Midlothian, VA, which means that their home is sure to be snatched up. There is little inventory being added to the market at this time of the year, and sellers with competitive prices can expect to earn 100 percent of their asking price. Read More Here!
Market Reports from 2018
Market Reports from 2017
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|September 2017||October 2017|
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Midlothian Homes by PriceSee all Midlothian, VA homes for sale right here. View MLS listings by price, size, location, neighborhood, zip code, school, number of bedrooms, and so much more! When you decide to buy or sell Real Estate in Virginia, call 804-307-2589.
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|Under 1 Million||Luxury Homes|
|Condos for Sale||Lands for Sale|