Dallas Area Residential Sales Report for January – Richardson TX
Before we start in on the numbers a caveat. Last December was a very slow month for home sales due to the high interest rates so the year to year comparison is a little off.
Homes sales were 55% higher than last January. Pending sales increased 29%.The average sales price rose 3% while the median sales price climbed 2%. those numbers are in line. We had a good increase of 38% in the number of new listings and a 12% rise in the active listings. The months of inventory slightly climbed to 1.6 months. that is a very low number and if you are a buyer you will have a hard time finding your dream home.
Average Sales Price: $354,545
Median Sales Price: $310,450
Pending Sales: 102
New Listings: 140
Active Listings: 164
Months of inventory: 1.6
Information provided by The Real Estate Center
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