Sales were up 11% in the Richardson area for the month. however, the average sales price declined by 12% from the same time last year. Pending Sales, a forward looking indicator was off by 7%. We saw a large jump in the number of new listings but the active listings are still down by 2% leaving us with an inventory of only 3.3 months. RRichardson continues to have the lowers supply of homes on the market of any area. The best homes sell quickly!
Sales: 52
Average Sales Price: $157,809
Median Sales Price: $159,900
Pending Sales: 55
New Listings: 127
Active Listings: 268
Months of Inventory: 3.3
Wow! Looks like Richardson is on a roll and out selling many areas around north Texas. I would love to do more of the home inspections in the Richardson area. There are certainly some great quality homes. Thanks for the stats Marie.