Dallas Area Residential Sales Report for June – Richardson TX

Home sales in Richardson were up 6% in June as compared to the same time last year. Pending sales climbed 19% so July is looking positive. We did see some pricing weakness as the average sales price declined 6% and the median sales price fell 3%. The number of new listings increased 9%. Active listings were 34% higher than June 2018 when listings were very low. The months of inventory is now at 2.5 which is still well under the 6 months that is considered a balanced market.

Sales: 129

Average Sales Price: $330,974

Median Sales Price: #311,500

Pending Sales: 136

New Listings: 185

Active Listings: 241

Months of Inventory: 2.5

Information provided by The Real Estate Center

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