Richardson TX Residential Sales Report for February

Inventories continue to decline

Sales fell 4% in February as compared to the same time last year. However, pending sales were up 4% so it’s just some gyration in the market. The average sales price increased 14% while the median sales price rose 11%. The number of new listings dropped 6% and the active listings took a nose dive. down 30%. The months of inventory fell to 0.6 months. It’s very difficult for buyers in this market.

Sales: 68

Average Sales Price: $2892,672

Median Sales Price: $270,000

Pending Sales: 103

New Listings: 102

Active Listings: 56

Months of Inventory: 0.6

Information provided by The Real Estate Center

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