richmond DETACHED -JUNE 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 19% VS 2021
▲ 25% VS 2021
▼ 14% VS 2021
▼ 54% VS 2021
Therewere526 detachedlistingsin Richm ond in June, 2% below M ayand 14% lowerthan June2021. Junedetached hom esalesdecreased by 9% m onth-over-m onth,to70,and were54% below June 2021. Thesales-to-listing ratio fordetached in Richm ond,at 13% ,reflected abalanced m arket.
THISMONTH No. $2,304,244 $2,099,000 13% 70 526
PREVIOUSYEAR
PREVIOUSMONTH
No. 25% 152 611
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19% 25% -47% -54% -14%
$2,297,720 $2,135,000 14% 77 538
-7% -9% -2%
Thedetachedm edian pricein Junewas$2,099,000,a 1.7% decreasefrom M ayand 25% aboveJune2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,304,244,0.3% abovelast m onth and up 19% toJune2021.
0.3% -1.7%
$1,929,558 $1,680,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
61
538
534
588
526
551
2.01
435
484
1.89
390
458
374
1.78
1.69
1.52
1.51
298
269
146
131
152
13
106
16
106
70
97
94
94
91
77
$2.13M $2.10M
$2.09M $2.10M $2.21M $2.11M $2.13M
$1.99M
$1.98M
$1.76M $1.81M
$1.68M $1.74M
Jun-21
May-22
Jun-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
160
100%
140
120
100
80
60
40
20%
16%
14%
12%
20
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
2 0 n/a
1 0 n/a
1 1 100%
21 3 14%
149 24 16%
103 21 20%
98 12 12%
151 9 6%
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