Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 31% from one year earlier, and up 5% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 510-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 50%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 510-thousand dollars. The number of units sold decreased 5% year-over-year, and increased 20% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Richmond, CA
Area Information for Richmond, CA
Median Age:37.01 yr
Median Commute Time:33 mins
Population Density:3,728/sq mi
Population Change Since 2000:12.59%
Closest Airport:Metropolitan Oakland International
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.