richmond DETACHED -AUGUST 202
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.6% VS 2021
▼ 1.3% VS 2021
▼ 12% VS 2021
▼ 50% VS 2021
Therewere484 detachedlistingsin Richm ond in August, 5% below Julyand 12% lowerthan August2021. Augustdetached hom esalesincreased by4% m onth-over-m onth,to57,and were50% below August 2021. Thesales-to-listing ratio fordetached in Richm ond,at 12% ,reflected abuyers'm arket.
THISMONTH No. $2,125,680 $1,960,000 12% 57 484
PREVIOUSYEAR
PREVIOUSMONTH
No. 21% 113 551
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-1.6% -1.3% -43% -50% -12%
$2,108,053 $1,850,000 11% 55 510
0.8% 6% 9% 4% -5%
Thedetachedm edian pricein Augustwas$1,960,000,a 6% increasefrom Julyand 1.3% below August2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,125,680,0.8% abovelast m onth and down 1.6% toAugust2021.
$2,160,216 $1,985,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
526
551
510
538
534
484
435
2.10
484
458
390
1.98
374
1.85
1.58
1.57
298
269
1.45
146
131
104
13
69
16
106
97
94
91
57
77
55
$2.20M $2.11M $2.13M
$2.09M $2.10M
$1.99M
$1.98M $2.13M $2.10M
$1.85M $1.96M
$1.76M $1.81M
Aug.-21
Jul.-22
Aug.-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
160
140
100%
120
100
80
60
40
23%
17%
15%
20
9%
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
2 0 n/a
2 0 n/a
2 2 100%
13 3 23%
144 24 17%
87 13 15%
87 8 9%
147 7 5%
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