How competitive is the Richmond housing market?

Richmond is competitive as of August 2026, with a Sold Score of 69/100 (Good Chance of Selling). **Pending ratio** is 0.68 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +20.9% — more choices for buyers than a year ago. **Median days on market** is 44. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 37.0% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 69/100 (Good Chance of Selling) · Pending ratio: 0.68 · Inventory YoY: +20.9% · Median days on market: 44 · Sellers cutting price: 37.0% · Median listing price: $440,000 (+2.4% YoY)