Richardson TX Residential Sales Report for May
Looking for a home in Richardson. It’s really hard. No inventory!
Sales were up by 3% in May as compared to the same time last year. The average sales price increases 6% and the median sales price rose 4%. Pending sales took a 14% decline as the inventory of available homes for sale fell to 0.9 months. For a very long time now, Richardson has had the lowest number of homes for sale of any other area in the Metroplex and it doesn’t look like this situation is going to change anytime soon. The number of new listings declined 1% and the active listings dropped 6%. Richardson is very much a sellers market.
Average Sales Price: $326,304
Median Sales Price: $290,000
Pending Sales: 115
New Listings: 135
Active Listings: 85
Months of Inventory: 0.9
Information provided by The Real Estate Center