richmond DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.4% VS 2021
▼ 3% VS 2021
▲ 0.2% VS 2021
▼ 50% VS 2021
Therewere459 detachedlistingsin Richm ond in O ctober,nochangetoSeptem berand 0.2% higherthan October2021. O ctoberdetached hom esalesincreased by 9% m onth-over-m onth,to 58,and were50% below O ctober 2021. Thesales-to-listing ratio fordetached in Richm ond,at 13% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,747,500,a 17% decreasefrom Septem berand 3% below O ctober 2021. Theaveragesold pricewas$1,981,248,16% below last m onth and down 1.4% toOctober2021.
THISMONTH No. $1,981,248 $1,747,500 13% 58 459
PREVIOUSYEAR
PREVIOUSMONTH
No. 25% 116 458
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-1.4% -3% -50% -50% 0.2%
$2,352,673 $2,112,000 12% 53 459
9% 9% 0%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
-16% -17%
$2,010,126 $1,809,544
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
510
538
526
458
435
459
484
484
1.97
459
390
1.91
374
1.75
1.69
1.53
1.51
298
269
146
131
104
16
69
57
96
94
91
58
77
55
53
$2.20M $2.11M $2.13M
$2.09M $2.10M
$1.98M $2.13M $2.10M
$1.96M $2.11M
$1.85M
$1.81M
$1.75M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
100
80
60
33%
33%
33%
27%
40
20
8%
8%
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
3 1 33%
1 0 n/a
1 0 n/a
3 1 33%
12 4 33%
127 34 27%
91 7 8%
80 6 8%
141 5 4%
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