Central Virginia Housing Market Update | May 2025

Hey Central Virginia! 👋 Wondering how all the national chaos is impacting YOUR local real estate market? In this May 2025 Housing Market Update, Chris Elliott—a trusted local expert with 11 years in the business and over 550 homes sold—breaks down everything you need to know! 🏡📊

🔥 In this update, we’re diving into:

📈 Home Values: Are we heading toward a crash, or is Central VA still holding strong? (0:45)
💸 Mortgage Rates & Recession Risks: What do they mean for buyers and sellers right now? (1:00, 3:15)
🏘️ Local Market Stats: Metro Richmond is still outperforming—find out why! (4:00)
📌 Expert Buyer & Seller Tips: Get 3 must-know strategies for each side of the market! (5:25, 7:21)

🔑 Key Takeaways:

✅ 70% of homeowners have major equity—no 2008 repeat here! (2:55)
✅ Richmond home values are UP 6.1% year-over-year! (4:15)
✅ Median days on market? Just 8 days! Homes are FLYING off the shelves! (4:26)
✅ Sellers: Beat the summer slump and list before school’s out! (6:50)
✅ Buyers: Prices are still rising—waiting could cost you more! (7:39)
✅ Cream Puff Homes = Multiple Offers! Bring your A-game. (8:10)

🎯 Whether you're thinking of buying, selling, or just want the real numbers behind the headlines—this video is your go-to guide for May 2025!

📩 Have questions? Drop a comment or DM—Chris is here to help you make smart, confident moves in today’s market!

🎥 Don’t forget to:

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➡️ SHARE with anyone curious about Central Virginia real estate!
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📲 Want help navigating this market? Let’s talk strategy—DM me or comment below!

#CentralVirginiaRealEstate #RichmondVAHomes #HousingMarketUpdate #MortgageRates #HomeSellingTips #HomeBuyingAdvice #RealEstateExpert #ChrisElliottRealtor #VirginiaHomes #MarketUpdateMay2025 #RichmondRealEstate

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