richmond DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere459 detachedlistingsin Richm ond in Septem ber,5% below Augustand 14% lowerthan Septem ber2021. Septem berdetached hom esalesdecreased by 7% m onth-over-m onth,to53,and were50% below Septem ber2021. Thesales-to-listing ratio fordetached in Richm ond,at 12% ,reflected abuyers'm arket. Thedetached m edian pricein Septem berwas $2,112,000,a8% increasefrom Augustand 20% above Septem ber2021. Theaveragesold pricewas$2,352,673,11% abovelast m onth and up 21% toSeptem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 21% VS 2021
▲ 20% VS 2021
▼ 14% VS 2021
▼ 50% VS 2021
THISMONTH No. $2,352,673 $2,112,000 12% 53 459
PREVIOUSYEAR
PREVIOUSMONTH
No. 20% 106 534
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 20% -42% -50% -14%
$2,125,680 $1,960,000 12% 57 484
11% 8% -2% -7% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,937,347 $1,764,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
510
534
538
526
435
459
484
484
1.98
1.97
458
390
374
1.701.66
1.69
298
1.45
269
146
131
104
106
69
16
57
97
94
91
53
77
55
$2.20M $2.11M $2.13M
$2.09M $2.10M
$1.98M $2.13M $2.10M
$1.96M $2.11M
$1.85M
$1.76M $1.81M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
100
80
60
25%
40
17%
14%
13%
13%
20
4%
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
4 1 25%
1 0 n/a
1 0 n/a
2 0 n/a
15 2 13%
127 22 17%
86 12 14%
78 10 13%
145 6 4%
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