Sales and pending sales were up sharply. It’s very much a Seller’s Market

Single Family:

Single- family sales jumped 68% in November as compared to a year ago. The average sales price was up by 16% while the median sales price increased by 18%. Pendings sales were up by a whopping 68%. New listings rose by 8% but the number of active listings fell by 16%. The months of inventory declined to 0.9 months.

Supply is very short of the 6 months that is considered a balanced supply/demand number. If you are looking to buy a home in Richardson, you better have you a full time Realtor and be available to get into the property as soon as it hits the market!

Sales: 89

Average Sales Price: $233,654

Median Sales Price: $221,000

Pending Sales: 99

New Listings: 79

Active Listings: 88

Months of Inventory: 0.9

If you live in The Richardson area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.