richmond DETACHED -MAY 2023
SALES TO LISTINGSRATIO 29% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.6% VS 2022
▼ 4% VS 2022
▼ 30% VS 2022
▲ 42% VS 2022
Therewere378 detachedlistingsin Richm ond in M ay, 10% aboveApriland 30% lowerthan M ay2022. M ay detached hom esalesincreased by 18% m onth-over-m onth,to109,and were42% aboveM ay 2022. Thesales-to-listing ratio fordetached in Richm ond,at 29% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
29% 109 378
$2,297,720 $2,135,000 14% 77 538
-0.6% -4% 101% 42% -30%
$2,206,820 $2,015,000 27% 92 343
18% 10%
Thedetachedm edian pricein M aywas$2,055,000,a 2.0% increasefrom Apriland 4% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
4% 2% 8%
Theaveragesold pricewas$2,284,573,4% abovelast m onth and down 0.6% toM ay2022.
$2,284,573 $2,055,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
510
538
526
459
484
404
2.01
459
1.92
349
378
1.751.69
340 343
335
330
1.53
1.51
93
109
69
58
56
52
77
37
26
92
55
53
59
$2.13M $2.10M
$2.11M
$2.06M
$2.00M
$2.00M $2.02M $2.06M
$1.85M $1.94M
$1.85M
$1.78M
$1.75M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
160
100%+
140
120
100
55%
80
60
35%
33%
40
23%
17%
14%
20
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
6 2 33%
2 0 n/a
1 3 300%
6 1 17%
83 46 55%
75 17 23%
54 19 35%
151 21 14%
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