The number of homes sold increased in much of the greater Richmond area during the month of September, according to The Long & Foster Market Minute reports. Additionally, median sale prices increased in some areas and inventory remained low across the region, which includes Chesterfield, Henrico, Goochland and Hanover counties and Richmond City.

The Long & Foster Market Minute reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales.

The number of units sold increased in much the Richmond region when compared to the same month in 2013, with Richmond City experiencing a 14 percent increase. Goochland County saw a 10 percent increase, while the number of homes sold rose by 1 percent in both Chesterfield and Hanover counties. Henrico County had the only decrease of 12 percent.

The median sale price increased in much of the Richmond region in September compared to year-ago levels. Goochland County saw a large increase of 37 percent, and both Chesterfield and Henrico counties experienced a 13 percent improvement. Richmond City had an 8 percent rise in median sale prices compared to last year, while Hanover County’s median sale price declined by 4 percent.

Active inventory decreased throughout the area, including by 32 percent in Goochland County and by 18 percent both Chesterfield County and Richmond City. Henrico County saw a drop of 11 percent, and Hanover County experienced a 2 percent decrease.

Houses are still selling at a steady pace in the Richmond area. Henrico County and Richmond City each saw a days on market (DOM) average of 54 days, followed by Hanover County with an average DOM of 60 days. Chesterfield County experienced a DOM average of 71 days, while Goochland County had a DOM average of 81 days.

“September brought good news to many areas of the Mid-Atlantic real estate market, including in the greater Richmond region,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “More homes are being sold and median sale prices have risen in a number of areas as well. Growing inventory means homebuyers have more options to choose from, and we anticipate more improvements in the months ahead.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.