North Dallas/Richardson/Plano Real Estate

Sales were only down by 5% in Plano for June. This is a lot better than other areas. The average sales price was up by 9% and the median sales price was up by 11%. while it's always better to be going up than down, I believe this increase was due to more upper end houses selling than some general increase in prices.

The pending sales number was down by 15% but again this was not as bad as other areas.

The number of new listings increased by 6% while the number of active listings jumped 16%. this pulled the months of inventory up to 5.5 months. If you are a buyer this is good news because it means that you now have more homes to chose from.

Sales: 303

Average Sale Price: $466,333

Median Sales Price: $514,000

Pending Sales: 202

New Listings: 468

Active Listings: 1.353

Months of Inventory: 5.5

With the end of the tax credit Richardson appears to have been harder hit with declining sales that some other areas. Sales were down in June by 28% and the average sales price was down slightly by 2%. More troubling that those figures were the pending sales figure that was down by 41% and the number of active listings that jumped 61%. Even with these numbers, Richardson still has a relatively low months of inventory compared to other areas with a 6 month supply.

Sales: 87

Average Sales Price: $181,784

Median Sales Price: $169,500

Pending Sales: 57

New Listings: 146

Active Listings: 403

Months of Inventory: 5 

For May sales were off by 5% compared to last May. The average Sales price was up by 2 % while the median sales price declined by 2%. The number of new listings contracted by 13%. The number of active listings dropped by 4% helping to keep months of inventory at a relatively low level of 5.3 months.

The real problem was the sharp contraction of 33% in the pending sales. This does not bode well for next months sales.

Sales: 254

Average Sales Price: $251,403

Median Sales Price: $215,000

Pending Sales: 157

New Listings: 397

Active Listings: 1.292

Months of Inventory: 5.3

Sales were up by 10% in May but we saw declined in both the average sales price and the median sales price. Average days on market continues to be low at 48 days. The number of new listings shrank by 15% but the number of active listings increased by 21%. The months of inventory, while creeping up, is still very low at 4.4 months.

The real problem with the May numbers is found in the pending sales which declined by 40%. The end of the tax credit is hitting sales very hard.

Sales: 97

Average Sales Price: $166,257

Median Sales Price: $160,000

Pending Sales: 52

New Listings: 122

Active Listings: 370

Days on Market: 48

Months of Inventory: 4.4

This report covers North Dallas north of LBJ.

Sales were up 49% in April compared to a year ago. The average sales price was down by 2% while the median sales price was up by 4%. The number of pending sales shot up by 68% which indicates another good increase for May. The number of new listings was up by 13% but the number of active listings only climbed by 3%. The months supply of inventory is still high at 7.6 months.

We do not know what effect the tax credits had on this months sales but next months pending sales will give us a good idea if the upward trend will continue.

Sales: 100

Average Sales Price: $284,656

Median Sales Price: $266,400

Days on Market: 69

Pending Sales: 99

New Listings: 188

Active Listings: 540

Months of Inventory: 7.6

This report covers the area north of Northwest Hwy. and south of LBJ.

Well this month's report is a perfect example of how statistics can sometimes be misleading!

The report shows sales jumped 100%. Sounds great, but there were only a total of 28 Sales. Not exactly setting the market on fire. The average Sales price continued to decline and the number of active listings also declined. The months of inventory is now down to 13.4 months. This is still very high but not as bad as it has been.

Now for the good news! There were several million dollar plus sales this month!

Sales: 28

Average Sales Price: $789,026

Median Sales Price: $432,000

Days on Market: 107

Pending Sales: 31

New Listings: 117

Active Listings: 521

Months of Inventory: 13.4

After being up for the last 2 months sales fell by 20% in the month of December.  The average sales price and the median sales price increased but this looks like it was due to some sales of higher priced homes. The number of Pending Sales decreased by 7%. New listings increased but the number of active listings continues to shrink. The months of inventory is at 2.9 months. This is a very low number and if you are a buyer you have very little on the market to choose from.

Sales: 52

Average Sales Price: $189,339

Median Sales Price: $171,000

Pending Sales: 42

New Listings: 82

Active Listings: 231

Days on Market: 59

Months of Inventory: 2.9

This report covers North Dallas North of LBJ.

Sales were off by 24% in December. the average sales price was up by 15% but this was due to the sale of 4 million dollar plus homes. The median sales price showed a decline of 10%. Pending sales were up 3% and we continue to see a decline in the number of active listing leaving us with a not bad 5.1 months of inventory. We will just have to wait and see if this decline continues on into January.

Sales: 54

Average Sales Price: $462,505

Median Sales Price: $269,000 

Pending Sales: 40

New Listings: 82

Active listings: 362

Days on Market: 81

Months of Inventory: 5.1

Richardson continues to fair better than any other city in the Metroplex. Sales for October were up 25% and the average sales price rose 3%. The number of active listings continues to drop creating a very low supply of homes for sale. Homes in October sold on average in 36 days.

Sales: 91

Average Sales Price: $180,602

Median Sales Price: $169,500

Pending Sales: 73

New Listings: 122

Active Listings: 230

Months of Inventory: 2.9

If you are interested in purchasing a home in Richardson, you better have a good Realtor who can get you in the homes the day they come on the market because the best homes sell quickly!

NORTH OF NORTHWEST HWY. AND SOUTH OF LBJ:

There was a pick up in sales in this area in September but the average sales price continued to erode. Pending sales picked up along with the number of new listings. The number of active listing was flat. There continues to be an over supply on the market with a 17 month supply of homes for sale. Million dollar homes make up over 1/3 of the inventory in this area and they are very slow to sell.

Sales: 48 a 17% increase

Average sales price: $889,828 a 9% decrease

Median sales price: $650,000 a 2% increase

Days on market: 135 a 41% increase

Pending sales: 39 a 39% increase

New listings: 118 a 15% increase

Active listings: 612 a 0% increase

Months of inventory: 17

NORTH DALLAS NORTH OF LBJ:

Sales were down slightly in September and we saw a decline in the average sales price while the median sales price was flat. Days on market increased. Pending sales were off along with the number of active listings. The decline in inventory of homes for sale in this area is helping to keep supply/demand somewhat in balance.

Sales: 69 a 4% decrease

Average sales price: $294,761 an 8% decrease

Median sales price: 269,750 a 0% increase

Days on market: 66 a 22% increase

Pending sales: 63 a 10% decrease

New listings: 117 a 2% increase

Active listings: 444 a 12% decrease

Months of inventory: 6.1