Dallas Area Residential Sales Report – Richardson TX

January home sales were off by 6% in the Richardson area. Pending sales were up 1%. The average sales price rose 13% while the median sales price climbed 6%. It looks like there were some gyrations in the make up of the sales that tilted the average higher. New listings were up 5%. Active listings increased 41% compared to last January when inventory was extremely low. The months if inventory now stands at 1.6 months. Buyers are having a hard time finding a home to buy.

Sales: 51

Average Sales Price: $340,193

Median Sales Price: $297,500

Pending Sales: 79

New Listings: 98

Active Listings: 147

Months of Inventory: 1.6

Information provided by The Real Estate Center

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