𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟔 𝐀𝐦𝐞𝐥𝐢𝐚 & 𝐏𝐨𝐰𝐡𝐚𝐭𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞

𝐖𝐢𝐭𝐡 𝐫𝐚𝐭𝐞𝐬 𝐡𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝐣𝐮𝐬𝐭 𝐮𝐧𝐝𝐞𝐫 𝐨𝐫 𝐚𝐫𝐨𝐮𝐧𝐝 𝟔%, 𝐰𝐞 𝐚𝐫𝐞 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐡𝐞𝐚𝐥𝐭𝐡𝐲 𝐬𝐩𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐡𝐞𝐚𝐝!!

𝐀𝐌𝐄𝐋𝐈𝐀

January brought 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐛𝐮𝐲𝐞𝐫 𝐝𝐞𝐦𝐚𝐧𝐝 and 𝐡𝐢𝐠𝐡𝐞𝐫 𝐬𝐚𝐥𝐞𝐬 𝐩𝐫𝐢𝐜𝐞𝐬, even though fewer homes actually closed. Showings were up, competition was solid, and buyers continued paying above list on average.

𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐬𝐭𝐚𝐲𝐞𝐝 𝐞𝐱𝐭𝐫𝐞𝐦𝐞𝐥𝐲 𝐭𝐢𝐠𝐡𝐭…𝐯𝐞𝐫𝐲 𝐟𝐞𝐰 𝐡𝐨𝐦𝐞𝐬 𝐚𝐫𝐞 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐢𝐧 𝐀𝐦𝐞𝐥𝐢𝐚, which is why you see fewer sold homes but stronger pricing power for sellers.

𝐎𝐯𝐞𝐫𝐚𝐥𝐥: 𝐀𝐦𝐞𝐥𝐢𝐚 𝐤𝐢𝐜𝐤𝐞𝐝 𝐨𝐟𝐟 𝟐𝟎𝟐𝟔 𝐰𝐢𝐭𝐡 𝐫𝐢𝐬𝐢𝐧𝐠 𝐩𝐫𝐢𝐜𝐞𝐬, 𝐦𝐨𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐛𝐮𝐲𝐞𝐫𝐬, 𝐚𝐧𝐝 𝐯𝐞𝐫𝐲 𝐥𝐨𝐰 𝐬𝐮𝐩𝐩𝐥𝐲 — 𝐚 𝐜𝐥𝐚𝐬𝐬𝐢𝐜 𝐫𝐮𝐫𝐚𝐥 𝐬𝐞𝐥𝐥𝐞𝐫’𝐬 𝐦𝐚𝐫𝐤𝐞𝐭.

𝐏𝐎𝐖𝐇𝐀𝐓𝐀𝐍

Powhatan saw 𝐦𝐨𝐫𝐞 𝐥𝐢𝐬𝐭𝐢𝐧𝐠𝐬 𝐡𝐢𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐀𝐍𝐃 𝐦𝐨𝐫𝐞 𝐛𝐮𝐲𝐞𝐫𝐬 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐜𝐨𝐨𝐩 𝐭𝐡𝐞𝐦 𝐮𝐩. Prices moved upward, showing activity increased in both directions after the holiday lull.

Buyer traffic jumped noticeably, signaling that Powhatan is back to being a highly sought-after area heading into spring.

𝐎𝐯𝐞𝐫𝐚𝐥𝐥: 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝐰𝐚𝐬 𝐚 𝐡𝐞𝐚𝐥𝐭𝐡𝐲 𝐫𝐞𝐛𝐨𝐮𝐧𝐝 𝐦𝐨𝐧𝐭𝐡 — 𝐦𝐨𝐫𝐞 𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭, 𝐦𝐨𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭, 𝐚𝐧𝐝 𝐬𝐭𝐫𝐨𝐧𝐠 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐟𝐨𝐫 𝐞𝐚𝐫𝐥𝐲 𝟐𝟎𝟐𝟔.

𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐢𝐧 𝐀𝐦𝐞𝐥𝐢𝐚 𝐨𝐫 𝐏𝐨𝐰𝐡𝐚𝐭𝐚𝐧?

Your timing for spring prep couldn’t be better. I’d love to guide you!