richmond DETACHED -JUNE 2023
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 4% VS 2022
▼ 19% VS 2022
▲ 36% VS 2022
Therewere426 detachedlistingsin Richm ond in June, 13% aboveM ayand 19% lowerthan June2022. Junedetached hom esalesdecreased by14% m onth-over-m onth,to94,and were36% aboveJune 2022. Thesales-to-listing ratio fordetached in Richm ond,at 22% ,reflected aselers'm arket.
THISMONTH No. $2,138,241 $2,010,000 22% 94 426
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 29% 109 378
% Change
TOTALLISTINGS TOTALSALES
$2,307,798 $2,100,000 13% 69 526
68% 36% -19%
-23% -14% 13%
Thedetachedm edian pricein Junewas$2,010,000,a2% decreasefrom M ayand 4% below June2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,138,241,6% below last m onthand down 7% toJune2022.
$2,284,573 $2,055,000
-6% -2%
-7% -4%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
526
459
510
484
404
459
426
1.92
1.89
349
1.74
378
1.69
1.65
343
340
335
330
1.53
109
93
94
56
58
52
69
37
26
92
59
55
53
$2.11M
$2.10M
$2.06M
$2.00M
$2.00M $2.02M $2.06M $2.01M $1.85M
$1.85M $1.94M
$1.78M
$1.75M
22-Jun
23-M ay 23-Jun
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
150
83%
75%
100
37%
35%
50
21%
5%
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 3 75%
2 0 n/a
2 0 n/a
1 0 n/a
6 5 83%
108 38 35%
70 26 37%
66 14 21%
167 8 5%
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