After a strong month of sales in June, July saw a very small decline of 1% in the number of sales. The average sales price increased by 5% and the median sales price increased by 10%. Days on market decreased to 48 days.
The number of active listings continued its decline shrinking by 30%. The months of inventory is now 3.3 months. This is an extreamly low level and means if you are looking for a house in Richardson you have very few to chose from. The best houses are going quickly!
Sales: 119
Average Sales Price: $178,026
Median Sales Price: 166,250
Days on Market: 46
Active Listings: 254
Months of Inventory: 3.3
