richmond DETACHED -NOVEMBER 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere404 detachedlistingsin Richm ond in N ovem ber,12% below O ctoberand 4% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by10% m onth-over-m onth,to52,and were60% below N ovem ber2021. Thesales-to-listing ratio fordetached in Richm ond,at 13% ,reflected abalanced m arket. Thedetached m edian pricein N ovem berwas $2,055,000,a18% increasefrom O ctoberand 1.6% below N ovem ber2021. Theaveragesold pricewas$2,146,311,8% abovelast m onth and down 4% toN ovem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2021
▼ 1.6% VS 2021
▲ 4% VS 2021
▼ 60% VS 2021
THISMONTH No. $2,146,311 $2,055,000 13% 52 404
PREVIOUSYEAR
PREVIOUSMONTH
No. 34% 131 390
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-4% -1.6% -62% -60% 4%
$1,981,248 $1,747,500 13% 58 459
8% 18% 1.9% -10% -12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,236,131 $2,088,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
510
538
526
459
435
484
484
1.98
1.97
459
390
374
404
1.75
1.67
1.61
1.51
298
269
146
104
131
69
58
56
96
94
91
52
77
55
53
$2.20M $2.11M $2.13M
$2.09M $2.10M
$2.06M
$1.98M $2.13M $2.10M
$1.94M $2.11M
$1.85M
$1.75M
Nov-21
Oct-22
Nov-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
100
80
60
36%
33%
40
19%
19%
20
9%
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
5 0 n/a
1 0 n/a
1 0 n/a
3 1 33%
14 5 36%
95 18 19%
83 16 19%
68 6 9%
134 6 4%
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