Inventory Data (Central Virginia Regional Multiple Listing Service)

One of the most critical metrics to follow is inventory levels in housing. The availability of housing is a key determinant to pricing when selling, as well as contract strategies when purchasing. The supply of available homes in any marketplace varies by specific sub-market and using the inventory from the 23832 zip code is not suitable when trying to craft a winning offer in 23220.

Below is a chart showing the inventory of the Richmond VA Market.

Below is a breakdown by zip code within each of the surrounding counties, including the City of Richmond.

The charts below include the number of available houses, as well as the number of homes currently under contract in order to show not only the homes currently being marketed, but the rate at which they are being absorbed.