A new report from Realtor.com® is tracking the recent trajectory of foreclosures, which have seen an uptick in recent years. This follows a period of suppression after the COVID-19 pandemic. When homes become Real Estate Owned (REO), they are listed by banks on multiple listing services and online platforms, creating new inventory for buyers.
Furthermore, the rate of foreclosures is now about as common as it was in 2019. This provides a potential pathway for prospective buyers to enter an otherwise challenging market.
However, current foreclosure levels remain well below those seen during the Great Financial Crisis. The report identified several markets with the most foreclosure listings as of June 2026, and Richmond, VA, is among the areas that has seen a significant increase.
Foreclosure listings see an uptick in Richmond
In the Richmond, VA, metro area, the foreclosure share of listings was 0.20% as of June 2026. This figure reflects an increase in such properties becoming available on the market…