A lean market does not remove your options - it just rewards prepared decisions
If you are asking whether you can still be selective without missing every good house, yes, but you need a plan before you start. In Henrico, VA, speed matters, yet disciplined buyers still have room to make smart choices.
A typical sale took 23 days last month in Henrico, VA, and supply stood at 1.3 months. Recent offers were landing around 100.2% of asking. Those are competitive conditions, but they do not say every house deserves the same response. I keep coming back to the pricing spread because it helps buyers stay grounded. The typical asking price for active homes was $403,990, while the typical sold price was $383,000 last month. That tells me the market is still negotiating through quality, condition, and positioning, even with limited supply. Sort your must-haves from your nice-to-haves before you book tours. Review asking prices against recent sold pricing so you know when a home is stretching. Be ready to act on the right fit, but let the overpriced ones go. Not every opportunity is worth chasing.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the Henrico market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
