10/20/2026
๐ฅ ๐ฃ๐ข๐ช๐๐๐ง๐๐ก ๐ฅ๐๐๐ ๐๐ฆ๐ง๐๐ง๐: ๐ง๐๐ ๐ก๐จ๐ ๐๐๐ฅ ๐ง๐ข ๐๐๐๐ฃ ๐๐ก ๐๐ฌ๐ ๐ข๐ก ๐๐ก
Another week, another shift in the Powhatan, VA 23139 real estate marketโand this week, there's a number that REALLY caught my attention! ๐
๐ ๐ฐ๐ญ% ๐ข๐ ๐๐๐ฆ๐ง๐๐ก๐๐ฆ ๐๐๐ฉ๐ ๐๐๐ ๐ ๐ฃ๐ฅ๐๐๐ ๐ฅ๐๐๐จ๐๐ง๐๐ข๐ก!
Yes, you read that correctly. And while the market still technically favors sellers, the numbers are telling us something worth paying attention to.
๐ ๐ง๐๐๐ฆ ๐ช๐๐๐'๐ฆ ๐ฃ๐ข๐ช๐๐๐ง๐๐ก ๐ ๐๐ฅ๐๐๐ง ๐ฆ๐ก๐๐ฃ๐ฆ๐๐ข๐ง:
๐ฐ ๐ ๐ฒ๐ฑ๐ถ๐ฎ๐ป ๐๐ถ๐๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ: $649,900
๐ท๏ธ ๐ ๐ฒ๐ฑ๐ถ๐ฎ๐ป ๐ก๐ฒ๐ ๐๐ถ๐๐๐ถ๐ป๐ด ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ: $650,000
๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฒ๐ฟ ๐ฆ๐พ๐๐ฎ๐ฟ๐ฒ ๐๐ผ๐ผ๐: $257
โณ ๐๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ ๐๐ฎ๐๐ ๐ผ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: 81
๐
๐ ๐ฒ๐ฑ๐ถ๐ฎ๐ป ๐๐ฎ๐๐ ๐ผ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: 56
๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ฒ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ: 41%
๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ: 1%
๐ ๐ฅ๐ฒ๐น๐ถ๐๐๐ฒ๐ฑ: 14%
๐ก ๐๐ป๐๐ฒ๐ป๐๐ผ๐ฟ๐: 124 homes
๐ ๐ ๐ฒ๐ฑ๐ถ๐ฎ๐ป ๐ฅ๐ฒ๐ป๐: $2,098
๐ฅ ๐ ๐๐ฅ๐๐๐ง ๐๐๐ง๐๐ข๐ก ๐๐ก๐๐๐ซ: ๐ฏ๐ฐ
Last month: 35 โฌ๏ธ
Last week: 35 โฌ๏ธ
๐ฆ๐ขโฆ ๐ช๐๐๐ง ๐๐ฆ ๐ง๐๐ ๐ ๐๐ฅ๐๐๐ง ๐ง๐๐๐๐๐ก๐ ๐จ๐ฆ? ๐ค
The Market Action Index has been steadily declining over the past several weeks, while inventory continues to grow.
Last week, Powhatan had 118 homes available. This week? 124.
That's six additional homes competing for buyers' attention.
Meanwhile, the median list price has moved from $664,975 last week to $649,900 this week.
Now, that doesn't mean individual home values suddenly dropped $15,075. But it DOES tell us that the mix of available listings and overall market conditions are changing.
And here's what makes this especially interesting:
๐ช๐ต๐ถ๐น๐ฒ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ป๐ฑ๐ฒ๐
๐๐๐ถ๐น๐น ๐๐ต๐ผ๐๐ ๐ฎ ๐ฆ๐น๐ถ๐ด๐ต๐ ๐ฆ๐ฒ๐น๐น๐ฒ๐ฟ'๐ ๐๐ฑ๐๐ฎ๐ป๐๐ฎ๐ด๐ฒ, ๐ฐ๐ญ% ๐ผ๐ณ ๐น๐ถ๐๐๐ถ๐ป๐ด๐ ๐ต๐ฎ๐๐ฒ ๐ฎ๐น๐ฟ๐ฒ๐ฎ๐ฑ๐ ๐ต๐ฎ๐ฑ ๐๐ผ ๐ฎ๐ฑ๐ท๐๐๐ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฎ๐๐ธ๐ถ๐ป๐ด ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ.
๐ก ๐๐จ๐ฌ๐๐ฅ๐ฆ: More inventory and price adjustments may create opportunities to negotiate. This could be a good time to revisit homes you've had your eye on!
๐ฐ ๐ฆ๐๐๐๐๐ฅ๐ฆ: The days of simply putting a sign in the yard and expecting multiple offers are not something you should count on. Strategic pricing, professional presentation, strong marketing, and understanding your competition are essential.
๐ ๐๐๐ฅ๐'๐ฆ ๐ช๐๐๐ง ๐'๐ ๐ช๐๐ง๐๐๐๐ก๐ ๐ก๐๐ซ๐ง:
If inventory continues growing faster than buyer demand, we could see additional downward pressure on prices.
A sustained upward shift in the Market Action Index could signal that demand is strengthening again.
๐ ๐ฃ๐ผ๐๐ต๐ฎ๐๐ฎ๐ป ๐ฟ๐ฒ๐ฎ๐น ๐ฒ๐๐๐ฎ๐๐ฒ ๐ถ๐ ๐ต๐๐ฝ๐ฒ๐ฟ-๐น๐ผ๐ฐ๐ฎ๐น. Whether you're selling a home on acreage, buying your first home, or considering a move within Central Virginia, the right strategy depends on your specific property and price range.
๐ ๐'๐น๐น ๐ธ๐ฒ๐ฒ๐ฝ ๐๐ฎ๐๐ฐ๐ต๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ป๐๐บ๐ฏ๐ฒ๐ฟ๐. ๐ฌ๐ผ๐ ๐ธ๐ฒ๐ฒ๐ฝ ๐๐ฎ๐๐ฐ๐ต๐ถ๐ป๐ด ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐.
Want to know what YOUR Powhatan home could sell for in today's market? Let's talk! ๐ฒ
Bree Cox
C21 Realty at Home
804-386-2947- Cell
804-924-7225- Office