richmond DETACHED -MAY 202
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 24% VS 2021
▲ 23% VS 2021
▼ 15% VS 2021
▼ 48% VS 2021
Therewere547 detachedlistingsin Richm ond in M ay, 13% aboveApriland 15% lowerthan M ay2021. M ay detached hom esalesdecreased by 28% m onth-over-m onth,to68,and were48% below M ay 2021. Thesales-to-listing ratio fordetached in Richm ond,at 12% ,reflected abalanced m arket.
THISMONTH No. $2,322,519 $2,142,500 12% 68 547
PREVIOUSYEAR
PREVIOUSMONTH
No. 20% 130 643
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
24% 23% -39% -48% -15%
$2,240,802 $1,975,000 19% 94 484
-36% -28% 13%
Thedetachedm edian pricein M aywas$2,142,500,a8% increasefrom Apriland 23% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,322,519,4% abovelast m onth and up 24% toM ay2021.
4% 8%
$1,874,043 $1,742,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
643
588
534
61
547
2.01
551
435
484
1.83
390
458
374
1.691.74
1.57
1.53
298
269
152
146
131
13
106
130
16
68
106
98
94
94
91
$2.14M
$2.09M $2.10M $2.21M $2.12M $2.13M
$1.99M
$1.98M
$1.76M $1.81M
$1.74M $1.68M $1.74M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
150
100
50
22%
18%
16%
10%
6%
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
3 0 n/a
18 4 22%
145 26 18%
109 17 16%
111 11 10%
161 10 6%
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