richmond DETACHED -APRIL 2023
SALES TO LISTINGSRATIO 27% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.1% VS 2022
▲ 3% VS 2022
▼ 29% VS 2022
0.0% VS 2022
Therewere343 detachedlistingsin Richm ond in April, 0.9% aboveM arch and 29% lowerthan April2022. A prildetached hom esalesdecreased by 1.1% m onth-over-m onth,to 92,and were thesam ein April 2022. Thesales-to-listing ratio fordetached in Richm ond,at 27% ,reflected aselers'm arket.
THISMONTH No. $2,206,820 $2,015,000 27% 92 343
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$2,231,906 $1,960,000 19% 92 484
-1.1% 3% 41% 0% -29%
$2,276,211 $1,995,000 27% 93 340
-1.9% -1.1% 0.9%
Thedetachedm edian pricein Aprilwas$2,015,000,a 1.0% increasefrom M arch and 3% aboveApril2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,206,820,3% below last m onth and down 1.1% toApril2022.
-3% 1%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
510
538
526
459
484
484
404
1.81
459
1.75
1.74
349
1.69
1.68
1.63
343
340
335
330
93
69
92
58
92
56
52
37
26
77
55
53
59
$2.13M $2.10M
$2.11M
$2.06M
$2.00M
$2.00M $2.02M
$1.96M
$1.85M $1.94M
$1.85M
$1.78M
$1.75M
22-Apr
23-M ar 23-Apr
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
100
60%
80
51%
60
37%
30%
40
20
8%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
8 0 n/a
0 1 n/a
5 3 60%
80 41 51%
63 23 37%
43 13 30%
144 11 8%
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