Richardson TX Residential Sales Report for December

Single-Family:

Sales were off by 9% as compared to the same time last year. There is no slow down in buyers. It’s just buyers can not find a home to purchase due to the extreme shortage of inventory. The months of inventory number is now at 0.7 months. I have never seen a number that low in Richardson! The average sales price increased 13% while the median sales price rose 14%. Pending sales were flat. The number of new listings fell 24% and the active listings declined 23%.

If you are a buyer in Richardson, it’s just not fun!

Sales: 101

Average Sales Price: $283,958

Median Sales Price: $367,500

Pending Sales: 58

New Listings: 48

Active Listings: 71

Months of Inventory: 0.7