richmond DETACHED -JULY 202
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2021
▲ 6% VS 2021
▼ 13% VS 2021
▼ 41% VS 2021
Therewere510 detachedlistingsin Richm ond in July,3% below Juneand 13% lowerthan July2021. July detached hom esalesdecreased by 21% m onth-over-m onth,to55,and were41% below July 2021. Thesales-to-listing ratio fordetached in Richm ond,at 11% ,reflected abuyers'm arket.
THISMONTH No. $2,108,053 $1,850,000 11% 55 510
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$2,002,660 $1,743,000 16% 94 588
-33% -41% -13%
$2,304,244 $2,099,000 13% 70 526
-9% -12% -19% -21% -3%
Thedetachedm edian pricein Julywas$1,850,000,a12% decreasefrom Juneand 6% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,108,053,9% below last m onth and up 5% toJuly2021.
5% 6%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
588
538
534
526
551
510
435
1.89
1.86
1.85
484
390
458
374
1.69
1.58
1.51
298
269
146
131
13
105
70
94
16
106
97
94
55
91
77
$2.13M $2.10M
$2.09M $2.10M $2.20M $2.11M $2.13M
$1.99M
$1.98M
$1.85M
$1.76M $1.81M
$1.74M
Jul-21
Jun-22
Jul-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
22%
18%
11%
20
9%
3%
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
1 1 100%
1 0 n/a
3 0 n/a
18 4 22%
147 26 18%
96 9 9%
97 11 11%
147 4 3%
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