How competitive is the Richmond housing market?

Richmond is competitive as of August 2026, with a Sold Score of 73/100 (Good Chance of Selling). **Pending ratio** is 0.57 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -0.6% — fewer choices for buyers than a year ago. **Median days on market** is 53. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 33.1% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 73/100 (Good Chance of Selling) · Pending ratio: 0.57 · Inventory YoY: -0.6% · Median days on market: 53 · Sellers cutting price: 33.1% · Median listing price: $196,500 (+15.6% YoY)