Patrick Riley Homes RVA

here's your daily market update courtesy of your

The housing market hasn’t rebounded as quickly as experts originally hoped. But that doesn’t mean it’s stalled.

Higher inflation and lingering economic uncertainty caused economists to revise their forecasts for this year. But importantly, when those two things settle down, many experts believe the market will regain its momentum.

So don’t see this revision in forecasts as a sign of trouble. See it as a temporary reaction to overall conditions and uncertainty.

If you want to know what’s happening in our local market, and what it could mean for your plans for the rest of this year, let’s connect.



Ready to or I'm your guy! I look forward to hearing from you soon!

The Mid-Year Housing Market Update: Why Forecasts Changed in 2026 If the housing market feels confusing right now, you’re not alone.

here's your daily market update courtesy of your

Life changes. Priorities shift. Families grow. Kids move out. Careers evolve. And eventually, the house you’re in may stop fitting the life you’re living.

If that’s been weighing on you lately, let’s talk through what your options could realistically look like today, no matter where rates or prices are.

Life can’t always wait for perfect market conditions. Maybe you don’t have to either.



Ready to or I'm your guy! I look forward to hearing from you soon!

The Real Reason Some People Are Still Moving Right Now You may be telling yourself you’re going to wait to move – maybe you’re hoping mortgage rates will come down, prices will fall, or the market will feel a little easier.

Real estate market update for County, May 2026.
New Listings -8.6%
Pending Sales +0.7%
Closed Sales +1.9% (sold homes)
Median Sales Price +7.5%
Average Sales Price +4.2%
inventory in remains low. While median and average prices increased substantially month-over-month, they are consistent with standard year-to-date appreciation. In this competitive market, working with a seasoned is essential to securing the best possible terms for you and your family. Like and follow my page for further updates. When you are ready to sell or buy I'm your guy and always available to assist you! These figures above represent single-family residential activity for April 2026. Henrico County Public Schools Henrico County Government Richmond BizSense Richmond magazine RVA Magazine Richmond Times-Dispatch Style Weekly Visit Richmond VA Henrico Citizen Visit Virginia Venture Richmond