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| JUNE 2025 | |||
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| Units Sold 260 |
Active Inventory 479 |
Median Sale Price $439,500 |
Days On Market 19 |
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| Down -2% Vs. Year Ago |
Up 17% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 260 sold this month in Richmond City Real Estate versus 270 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 71 units or 17%. The total number of active inventory this June was 479 compared to 408 in June 2024. This month's total of 479 is lower than the previous month's total supply of available inventory of 492, a decrease of 3%. |
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Median Sale Price
Last June, the median sale price for Richmond City Homes was $422,500. This June, the median sale price was $439,500, an increase of 4% or $17,000 compared to last year. The current median sold price is 1% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 306 |
Current Contracts 238 |
Sold Vs. List Price 102.3% |
Months of Supply 1.8 |
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| Up 9% Vs. Year Ago |
Down -4% Vs. Year Ago |
Down -1.5% Vs. Year Ago |
Up 20% Vs. Year Ago |
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Months of Supply
In June, there was 1.8 months of supply available in Richmond City, compared to 1.5 in June 2024. That is an increase of 20% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 306 homes newly listed for sale in Richmond City compared to 282 in June 2024, an increase of 9%. There were 238 current contracts pending sale this June compared to 248 a year ago. The number of current contracts is 4% lower than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Richmond City was 102.3% of the average list price, which is 1.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 19, higher than the average last year, which was 17, an increase of 12%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc. |
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