Written by The Steele Group Sotheby’s International Realty

Real estate in Richmond Virginia has experienced quite a surge in recent years, with houses gaining more and more appeal. According to figures compiled by Central Virginia Region MLS, units of houses sold in Virginia have risen by an average of 9% in 2013, the overall sales rise figure was at about 11.4% in 2013. The rise was estimated at 8% in 2012.

Popular demands for homes in Virginia include Henrico county, Richmond and Chesterfield homes. The demand for Richmond homes for sale has considerably increased and several reasons can be attributed to this rise. First and foremost, inventory in the market is facing a good amount of stability. This is after sellers had experienced large drops in the number of houses up for sale. Moreover, an increased number of homeowners have regained trust in the equity and value of their houses, making them more prone to selling their property.

All throughout the state of Virginia, 2013 was the third consecutive positive year for the real estate market. The steady growth and recovery has brought back trust in the housing market of the region. Moreover, another positive sign in the market is that the sales figures have not plateaued. This implies that the growth and recovery would continue for several more years to come. Overall, Virginia’s real estate market is experiencing a steady growth and the region has also seen a decline in the number of distressed properties.

The Steele Group Sotheby’s International Realty provides the services of a Virginia realtor to people looking forward to relocate to Richmond. A realtor in Richmond VA is also able to provide deals on houses in the region.