Richardson TX Residential Sales Report for July

Richardson TX Residential Sales Report for July

Richardson remains a hot market!

Sales increased 7% in Richardson during July as compared to last July. The average sales price rose 6% and the median sales price also increased 6%. Pending sales dropped 9%. don’t know what that will turn out to mean for August. New Listings declined 9% but the active listings increased 17%. The months of inventory increased to 1.3 months. Demand in Richardson is very heavy and there could be a lot more sales if there were just the inventory to meet buyer demand.

Sales: 114

Average Sales Price: $300,320

Median Sales Price: $275,000

Pending Sales: 118

New Listings: 137

Active Listings: 126

Months of Inventory: 1.3

Information provided by The Real Estate Center

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