| Jan. 08 | Feb. 08 | Mar. 08 | Apr. 08 | May 08 | |
| ¹Interest Rates | |||||
| 0 + 0 | 5.75 | 6.375 | 6.000 | 6.000 | 6.375 |
| 1 + 0 | 5.50 | 6.125 | 5.750 | 5.750 | 6.125 |
| Unemployment Rates | |||||
| *Richmond Metro | 3.5% | 3.9% | 4.1% | N/A | N/A |
| **Virginia | 3.5% | 3.8% | 3.9% | 3.5% | 3.9% |
| **US | 4.9% | 4.8% | 5.1% | 5.0% | 5.5% |
| ²Foreclosure Rates | Foreclosures Per Household | ||||
| 5Richmond Metro | 1 in 1103 | N/A | N/A | N/A | N/A |
| Virginia | 1 in 900 | 1 in 758 | 1 in 655 | 1 in 618 | 1 in 669 |
| US | 1 in 579 | 1 in 557 | 1 in 538 | 1 in 519 | 1 in 483 |
| ³Avg. SF Sales Price | |||||
| ³Richmond Metro | $260,930 | $260,081 | $272,429 | $260,236 | $248,005 |
| 4Virginia | N/A | N/A | Q1 – $307,654 | N/A | N/A |
| 5US | $245,500 | $240,700 | $247,700 | N/A | N/A |
| ³Avg. Twnhm/Condo Sales Price | $214,052 | $198,779 | $232,613 | $226,105 | $237,756 |
| ³SF Units Sold (Rich. Metro) | 617 | 786 | 995 | 1046 | 1095 |
| ³Twnhm/Condo Units Sold | 72 | 76 | 132 | 114 | 149 |
| ³Avg. SF LP/SP Ratio % | 97.2% | 97.3% | 97.3% | 97.1% | 97.0% |
| ³Avg. Twnhm/Condo LP/SP Ratio % | 98.4% | 98.7% | 98.3% | 98.6% | 97.0% |
| ³SF New Listings on Mkt (Rich. Metro) | 3211 | 2834 | 2983 | 3322 | 3018 |
| ³Twnhm/Condo New Listings on Mkt (Rich. Metro) | 435 | 328 | 314 | 406 | 416 |
| Sources: | |||||
| ¹Prosperity Mortgage – note: estimated averages | |||||
| ²RealtyTrac | |||||
| ³CVRMLS | |||||
| *Virginia Employment Commission | |||||
| **US Dept. of Labor Statistics | |||||
| ²Office of Federal Housing Enterprise Oversight | |||||
| 4VAR | |||||
| 5NAR | |||||
| Note: N/A = Not Available | |||||
Filed under: Real Estate, Statistics | Tagged: Home Statistics, Real Estate |
Look at you go! Stats and everything. What do we have to do to get you on twitter? 🙂