Dallas Area Residential Sales Report for October – Richardson TX

Home sales fell 8% as compared to last October but it doesn’t look like anything to worry about because the pending sales number came in with a 12% increase. The average sales price rose 5% and the median sales price increased 1%. We saw a good 18% rise in the number of new listings and a 23% climb in the active listings. The months of inventory is now at 2.4 months. That’s really not much help if you are a buyer. A balanced market is considered to be 6 months. We are still a long way from that number.

Sales: 83

Average Sales Price: $333,098

Median Sales Price: $309,000

Pending Sales: 101

New Listings: 126

Active Listings: 233

Months of Inventory: 2.4

Information provided by The Real Estate Center

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