Inner Richmond Real Estate Market Continues Downward Trend in Contracts

The Inner Richmond market saw five homes go under contract and failed to break out of a determined downward trend. Along with that, total home sales fell to seven over the last 30 days. A months of inventory number of zero reported this week continued an eight-week downward trend, even with the weak contracts numbers in the area.

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Demographic facts about Inner Richmond:

  • The population density is 30,746.8 people per square mile.
  • The area's cost of living index score is 242.5. (100 = national average)
  • The average commute to work for people in this area is 34 minutes.

Data reported through 1/12/2017

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BHG Mason-McDuffie Real Estate
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