Mclennan North, Richmond Townhouse Market Report – April 2022

In April 2022, the Mclennan North, Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 15.2%. The market in Mclennan North, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

23 townhouse properties sold in Mclennan North, Richmond during April 2022 based on MLS® records. There were 151 active listings at the start of the month. A total of 35 new listings came to market during the month.

The average townhouse sold price in Mclennan North, Richmond in April 2022 was $1,278,919. Sold prices ranged from $840,528 to $1,689,000. Data is sourced from MLS® board records.

In April 2022, townhouse properties in Mclennan North, Richmond averaged 12 days on the market before selling. With an absorption rate of 15.2%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Mclennan North, Richmond in April 2022 was $1,278,919, up 28.7% year-over-year compared to April 2021 ($993,592). Sales volume was down 11.5% compared to the same month last year. Data is sourced from MLS® sold records.