The median sale price increased in all but one area of the greater Richmond real estate market last month when compared to June 2013, according to The Long & Foster Market Minute reports. Additionally, homes are continuing to sell at a steady pace throughout the Richmond market, which includes Chesterfield, Henrico, Goochland and Hanover counties and Richmond City.

The Long & Foster Market Minute reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales.

The median sale price increased in most of the Richmond region in June compared to year-ago levels. Goochland County saw the largest increase at 11 percent, followed by Henrico County, which experienced a 10 percent increase. Hanover County saw a 6 percent increase in median sale price, and Chesterfield County experienced a 4 percent increase. Richmond City saw the only decline at 2 percent.

Active inventory decreased throughout the area, including by 19 percent in both Goochland County and Richmond City. Henrico saw a 12 percent decrease, and Chesterfield County experienced an 11 percent decrease in inventory. Hanover County saw a decrease of 3 percent.

The number of units sold varied across the Richmond region, with Hanover County experiencing a 3 percent increase and Goochland County seeing no change. Other areas of the market experienced decreases from 1 percent to 6 percent.

Houses are still selling at a steady pace in the Richmond area. Henrico County saw a days on market (DOM) average of 41 days, while Richmond City followed with an average DOM of 43 days. Chesterfield County experienced a DOM of 52 days, while Hanover County saw a DOM of 56 days and Goochland County had a DOM of 73 days.

“We’re now halfway through 2014, and this year has brought many positive developments like increasing sale prices and quick home sales,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “Overall, the market is stabilizing and that will help keep the industry healthy and ready for future growth.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.