richmond TOWNHOME-MAY 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 19% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 14% VS 2021
▲ 12% VS 2021
▲ 1.3% VS 2021
▼ 49% VS 2021
Therewere241 townhom elistingsin Richm ond in M ay, 23% aboveApriland 1.3% higherthan M ay2021. M aytownhom esalesdecreased by35% m onth-over-m onth,to60,and were49% below M ay 2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 25% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,067,500,a 9% decreasefrom Apriland 12% aboveM ay2021. Theaveragesold pricewas$1,070,728,8% below last m onth;theaveragePSF salepricewas$752,down 7% to lastm onth.
THISMONTH No. $752 $1,070,728 $1,067,500 25% 60 241
PREVIOUSYEAR
PREVIOUSMONTH
No. 49% 117 238
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19% 14% 12% -49% -49% 1.3%
$808 $1,159,456 $1,170,000 47% 93 196
-48% -35% 23%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-7% -8% -9%
$634 $939,308 $950,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
241
238
208
220
196
162
161
179
140
15
14
15
103
17
93
19
14
80
78
103
97
93
73
71
60
56
$1.23M $1.17M
$1.13M $1.15M
$1.07M
$1.05M $1.06M
$1.03M
$950K $942K $938K $945K
$948K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
12
70
4+ bdrms
80
60
50
35
3 bdrms
40
122
50%
30
38%
33%
31%
13
20
2 bdrms
36
13% 13%
10
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
4 2 50%
15 5 33%
50 19 38%
64 20 31%
75 10 13%
30 4 13%
3 0 n/a
3
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