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| SEPTEMBER 2025 | |||
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| Units Sold 164 |
Active Inventory 534 |
Median Sale Price $378,250 |
Days On Market 26 |
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| Down -15% Vs. Year Ago |
Up 15% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 164 sold this month in Richmond City Real Estate versus 227 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 15% versus September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 70 units or 15%. The total number of active inventory this September was 534 compared to 464 in September 2024. This month's total of 534 is lower than the previous month's total supply of available inventory of 541, a decrease of 1%. |
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Median Sale Price
Last September, the median sale price for Richmond City Homes was $387,000. This September, the median sale price was $378,250, a decrease of 2% or $8,750 compared to last year. The current median sold price is 9% lower than in August. 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 343 |
Current Contracts 249 |
Sold Vs. List Price 101.1% |
Months of Supply 3.3 |
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| Up 13% Vs. Year Ago |
Up 12% Vs. Year Ago |
No Change Vs. Year Ago |
Up 36% Vs. Year Ago |
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Months of Supply
In September, there was 3.3 months of supply available in Richmond City, compared to 2.4 in September 2024. That is an increase of 35% 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 343 homes newly listed for sale in Richmond City compared to 304 in September 2024, an increase of 13%. There were 249 current contracts pending sale this September compared to 223 a year ago. The number of current contracts is 12% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Richmond City was 101.1% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 26, higher than the average last year, which was 24, an increase of 8%. | |||
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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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