Richland New Construction – Analyzing Days on Market and Listing/Sales Velocity (365 to 30 Days)
This report tracks the pace of activity in the Richland new construction housing market, using four progressive timeframes: past 12 months (365 days), 6 months (180 days), 3 months (90 days), and the last full month (March 2025).
Understanding the speed of inventory turnover and buyer activity helps sellers gauge optimal listing timing, and gives buyers insight into how competitive the current market is.
Overview of Key Speed Metrics
| Timeframe | New Listings | Listings/Day | Homes Sold | Sales/Day | Avg. DOM (Sold) | Median DOM (Sold) |
|---|---|---|---|---|---|---|
| 365 Days | 402 | 1.10 | 311 | 0.85 | 102 | 137 |
| 180 Days | 178 | 0.99 | 148 | 0.82 | 89 | 103 |
| 90 Days | 98 | 1.09 | 71 | 0.79 | 85 | 101 |
| 30 Days (Mar) | 36 | 1.16 | 25 | 0.81 | 107 | 78 |
1. Listings Per Day (New Inventory Speed)
- 365 Days: 1.10 new listings/day
- 180 Days: 0.99 new listings/day
- 90 Days: 1.09 new listings/day
- 30 Days (Mar): 1.16 new listings/day
Trend:
After a mild dip during the 180-day window, listing activity has accelerated in the most recent 90-day and 30-day periods. The March 2025 daily listing rate was the highest recorded, indicating strong builder confidence and seasonal momentum.
2. Sales Per Day (Demand Speed)
- 365 Days: 0.85 sales/day
- 180 Days: 0.82 sales/day
- 90 Days: 0.79 sales/day
- 30 Days (Mar): 0.81 sales/day
Trend:
Sales per day have remained relatively steady, even as listings began to increase. While the 90-day average dipped slightly, the March rebound suggests that demand is keeping pace with growing inventory.
3. Average and Median Days on Market (DOM) – Sold Listings
Average DOM
- 365 Days: 102 days
- 180 Days: 89 days
- 90 Days: 85 days
- 30 Days (Mar): 107 days
Median DOM
- 365 Days: 137 days
- 180 Days: 103 days
- 90 Days: 101 days
- 30 Days (Mar): 78 days
Trend:
- Average DOM steadily declined from 365 to 90 days, then increased again in March.
- Median DOM dropped significantly in March, reaching its lowest point across all timeframes.
Interpretation:
- The increase in average DOM in March was skewed by a few long-sitting homes that finally sold.
- The sharp drop in median DOM suggests that many homes are selling faster than before, while a handful of older listings are still closing and pushing up the average.
This split between average and median DOM tells a more complete story: homes that are priced well and marketed effectively are selling quickly, while stale inventory continues to slowly work its way through the market.
4. Market Speed Summary
| Timeframe | Market Speed Characteristics |
|---|---|
| 365 Days | Balanced but slower. Moderate listing activity and long DOM. |
| 180 Days | Slight slowdown in listings but quicker closings. |
| 90 Days | Accelerated listings and faster DOM. Demand holding firm. |
| March | Listings at peak levels, median DOM sharply down. Fast-moving. |
Key Takeaways
- Listing activity is climbing, with new inventory entering the market at a faster pace in early 2025.
- Buyer demand has kept pace, resulting in consistent sales per day across all periods.
- Median days on market dropped significantly in March, showing that buyers are acting quickly, especially on well-priced homes.
- Average DOM increased slightly in March, due to older inventory closing—common for the early months of the year as builders clear out prior inventory cycles.
Final Thoughts
Richland’s new construction market is moving with increasing speed. While some homes are still taking time to sell, many are moving rapidly once listed, especially in the current spring environment.
For buyers, this means the most desirable homes are going quickly—often within days of listing—so being prepared and decisive is essential.
For sellers and builders, the data shows that this is an opportune time to bring homes to market. New listings are being absorbed efficiently, especially when priced in line with comparable sales and positioned well.
This increase in listing and absorption speed indicates a healthy, active market entering the spring season with strong momentum.