Dallas Area Residential Sales Report for May – Richardson TX

Dallas Area Residential Sales Report for May – Richardson TX

Home sales were up a strong 8% in May as compared to last May. Pending sales were down 8%. That’s not good for June sales. The average sales price took an 8% hit while the median sales price was flat. We are starting to see a number of price reduction. New listings climbed 13%. Active listings were 71% higher. This number is a little distorted because listings were so very low last May. A better indicator of available inventory is the months of inventory which now stands at 2.5 months. 6 months is considered a balanced market.

Sales: 127

Average Sale Price: $329,119

Median Sales Price: 317,500

Pending Sales: 117

New Listings: 170

Active Listings: 238

Months of Inventory: 2.5

Information provided by The Real Estate Center

#mariesellsdallas #RichardsonTX #realestate #homesforsale #RichardsonRealEstateAgent

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