Single-Family:

Sales were up a strong 18% in November as compared to last November. The average sales price  jumped 20% while the median sales price rose 17%. Pending Sales fell 18%. I guess all of the good properties went under contract leaving very little for potential purchasers to choose from. The number of new listings dropped 1%. The active listings increased 2% but this only took the months of inventory number to 0.9 months. It’s a Sellers Market.

FYI As of this writing, the lowest priced property on the market in Richardson is $175,000 and there are 74 single-family homes listed for sale in MLS.

Sales: 103

Average Sales Price: $278,221

Median Sales Price: $259,900

Pending Sales: 81

New Listings: 78

Active Listings: 90

Months of Inventory: 0.9

Information provided by The Real Estate Center