Sales in Richardson Exploded!
December was a really good month in Richardson. Sales jumped by 44%! The average sales price increased by 6% and the median sales price by 9%. Sales continue to be skewed to the upper price ranges. Of the sales for the months only 25 were below $200,000.
Pending sales did fall by 6% but given the large increase in sales this is not surprising. The number of new listings declined by 2% and the active listings dropped 1%. this left the months of inventory standing at 0.9 months.
Richardson is definitely a seller’s market.
Average Sales Price: $251,102
Median Sales Price: $235,000
Pending Sales: 58
New Listings: 63
Active Listings: 92
Months of Inventory: 0.9
If you live in Richardson 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.
Information provided by The Real Estate Center at Texas A&M