Dallas Area Residential Sales Report for November – Richardson TX

Richardson experienced a small decline in sales of 6% as compared to last November but the pending sales were up 6%. Sort of a wash. The average sales price was flat while the median sales price increased 4%. New listings climbed 8%. Active listings showed a whopping 45% increase. This is a distortion in the data caused by inventory being very low last November.  A better look at supply is the months of inventory which is now at 2 months. This is a very short supply and buyers are still having a difficult time finding a home that fits their lifestyle.

Sales: 82

Average Sales Price: $329,172

Median Sales Price: $312,500

Pending Sales: 82

New Listings: 106

Active Listings: 183

Months of Inventory: 2

Information provided by The Real Estate Center at Texas A&M

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