It’s just really hard to find a home in Richardson
Single-Family:
Sales were off by 16% in Richardson as compared to this time last year. However, if you take into consideration last month’s 44% increase in sales and the fact that Richardson has the lowest inventory level of any area in our MLS system it’s easy to see why sales might have been off. Buyers just could not find a home to purchase.
The average sales price was up 1% and the median sales price increased by 6%. Pending sales dropped 9%. The number of new listings fell 8% and the active listings rose by 19%. The months of inventory now stands at 0.8 months.
Sales: 54
Average Sales Price:$231,962
Median Sales Price: $210,000
Pending Sales: 82
New Listings: 79
Active Listings: 81
Months of Inventory: 0.8
Sales were down but pending sales were up.
Single-Family:
Sales were off by 9% in January. However,pending sales were up by 11%. It’s really a wash.
The average sales price jumped 22% while the median sales price climber 9%. Sales are concentrated in the upper price ranges and this months there were several large sales that effected the average sales price. We did see a nice increase of 10% in the new listings and this caused the active listings to rise by 22%. The months of inventory increased to 1.8 months which is still not very much supply.
Sales: 58
Average Sales Price: $459,319
Median Sales Price: $372,500
Pending Sales: 72
New Listings: 100
Active Listings: 175
Months of Inventory: 1.8
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.
Information provided by The Real Estate Center at Texas A&M.
Marie Sells Dallas 