Economics 101: With demand outrunning supply, the local housing market has taken on new, competition-driven traits - Chesterfield Observer

2022-09-23 20:54:17 By : yu zhou

By ops@our-hometown.com | on September 21, 2022

While other localities in the region had seen drastic year-over-year increases in home closings by this March – at least on a percentage basis – Chesterfield County’s volume of activity dominated Central Virginia, according to Integra Realty Resources in Richmond.

In 2021, 2,037 homes were sold for the year ending in March, and this year the volume was relatively unchanged, ticking up barely to 2,044 new home closings.

According to Integra, the top five subdivisions in the county, ranged by new home closings, are Harpers Mill, RounTrey, Foxcreek, Magnolia Green and Silverleaf.

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