Richmond Utah Real Estate Statistics, Richmond Homes Sales, Richmond Real Estate Inventory
Richmond Utah Real Estate Statistics
This graph represents quarterly Richmond Utah real estate statistics over the last 5 year. As we can see from the graph, the homes sold in Richmond over the last 5 years have slowly declined since the peak in 2007 which is to be expected. The good thing about what this graph shows is the amount of inventory has also declined. If inventory shot up while home sales dropped, then home prices would also show a large decline, so the market right now is somewhat stable. It may be a while before we see numbers rise in Richmond for the amount of homes sold, but this graph shows a reasonable amount of solds compared to the amount of inventory.
Richmond Utah Absorption Rates
Active Richmond Properties: 23
Properties Under Contract: 5
Sold Properties Last 365 Days: 13
Sold Properties Last 180 Days: 5
Sold Properties Last 90 Days: 3
Absorption Rate For Last 6 Months: 0.83 A Month
Inventory: 31.20 Months
* Updated June 4th, 2010.
Properties Under Contract: 5
Sold Properties Last 365 Days: 13
Sold Properties Last 180 Days: 5
Sold Properties Last 90 Days: 3
Absorption Rate For Last 6 Months: 0.83 A Month
Inventory: 31.20 Months
* Updated June 4th, 2010.
Active Properties Vs. Under Contract Vs. Sold June 4th, 2010
The numbers show 31.20 months of inventory on the market. Which means that with the amount of properties currently on the market, it would take 31.20 months to sell all of them based on recently solds.
Last month inventory level was over 20 months. Home sales have slowed in Richmond after the tax credit and we can expect to see the same trend until the market corrects itself.
Last month inventory level was over 20 months. Home sales have slowed in Richmond after the tax credit and we can expect to see the same trend until the market corrects itself.
