Richmond Real Estate Market Report: Momentum Change?


Blog by Arnold Shuchat | May 20th, 2016


Below is a table of recent market performance for Richmond Single Family Dwellings. I have compared the last 30 days of performance to the last 15 and the last 7 hoping to pick up on any trends.  I will save this data and compare it to the next 30 days to determine if indeed there is a trend or if the data is skewed by delayed reporting of sales leading to an "apparent" market change.  After a review of the next cycle I will have a better idea as to the drop off of the most recent cycle.

% of new % of new % of new
Days Back 30 Listings # per day 15 Listings # per day 7 Listings # per day
New Listings 292 9.73 180 12.0 86 12.3
Expired 25 8.6 0.83 8.0 4.4 0.5 4 5 0.6
Price Change 102 34.9 3.40 62.0 34.4 4.1 29 34 4.1
Sold 225 77.1 7.50 120.0 66.7 8.0 45 52 6.4
2nd Derivative on 
Sold % for period -13.48% -21.51%