Submitted by Kindly_Boysenberry_7 t3_yfumj3 in rva
Richmond real estate agent here. I haven't posted one of these in a while, and the Richmond real estate market has completely changed since the summer. I figured it might be worth doing another "Ask Me Anything" to address the new normal. So any questions you might have about RVA real estate, I'll try my best to answer.
Sillloc t1_iu59nvy wrote
From what I've seen (not a ton for what it's worth) it looks like the market is beginning to cool and I've seen some houses selling for less than asking instead of 50K over asking.
Is this in line with your perception? Do you expect house prices to fall in the coming months as the Fed continues to hike rates?