Richardson TX Residential Sales Report for April

No slowdown in sales. Inventories keep dropping!

Sales were up 8% in April as compared to the same period last year. The average sales price rose 11% while the median sales price climbed 12%. Pending sales increased 4%. The number of new listings fell 23%. Active listings declined 16% causing the months of inventory to fall to 0.8 months.

Quality new listings continue to be gobbled up as soon as they hit the market. As long as demand remains high, prices will rise.

Sales: 121

Average Sales Price: $306,343

Median Sales Price: $285,500

Pending Sales: 118

New Listings: 112

Active Listings: 74

Months of Inventory: 0.8

Information provided by The Real Estate Center