Assess current and past trends in Richmond to see if it is a buyers or sellers market, where it is at in the real estate life cycle and what opportunities the current market offers.
- Total Inventory
- Median Price
- Days on Market
- Sales Activity
- New Listings
Sales by Property TypeLook at the sales trends of different property types over the past 3 years and compare.
Assess the total inventory across the 3 main property types for the past 3 years.
Compare median sale prices of the various categories: apartments, townhouses and detached homes.
Days on Market
How long have each property category has typically stayed on the market before selling or taken off the market for the past 3 years.
Determine if it is a Sellers, normalized, or Buyers market by assessing the Sales to Active Ratio in conjunction with other trend key indicators.
Identify trends in listing volume by property type over the past 3 years.