richmond DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 11% BUYERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 14% VS2021
▼ 15% VS2021
▲ 12% VS2021
▼ 59% VS2021
Therewere335 detachedlistingsin Richm ond in D ecem ber,17% below N ovem berand 12% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 29% m onth-over-m onth,to37,and were59% below D ecem ber2021. Thesales-to-listing ratio fordetached in Richm ond,at 11% ,reflected abuyers'm arket. Thedetachedm edian pricein D ecem berwas$1,780,000, a13% decreasefrom N ovem berand 15% below D ecem ber2021. Theaveragesold pricewas$1,944,206,9% below last m onth and down 14% toD ecem ber2021.
THISMONTH No. $1,944,206 $1,780,000 11% 37 335
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
$2,255,100 $2,100,000 31% 91 298
-14% -15% -64% -59% 12%
-9% -13% -14% -29% -17%
$2,146,311 $2,055,000 13% 52 404
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
▶ 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
404
459
374
1.66
1.631.66
1.61
335
298
269
146
104
69
91
58
56
52
96
93
77
37
55
53
$2.13M $2.10M
$2.11M $2.13M $1.96M
$2.10M $2.20M
$2.06M
$1.94M $2.11M
$1.85M
$1.78M
$1.75M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+ 100%+
100
80
60
40
20%
13%
20
7%
1%
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-LRATIO SALES INVENTORY
4 0 n/a
1 0 n/a
1 0 n/a
1 2 200%
6 7 117%
69 14 20%
67 5 7%
61 8 13%
125 1 1%
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