Dallas Area Residential Sales Report for March – Richardson TX

Dallas Area Residential Sales Report for March – Richardson TX

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We need to remember that the data in this report comes from properties contracted for in January and February. We will nor begin to see the effects of the COVID-19 virus until the April numbers.

Sales were up 45% in March as compared to last March. The average sales price fell 8% while the median sales price was down 6%. Pending sales increased 2%. Most other areas that I report on saw negative pending sales numbers The number of new listings fell 18% and the active listings dropped 24%. The months of inventory is now at 1.4 months. Buyers going forward will have a short supply to choose form.

Sales: 126

Average Sales Price: $310,208

Median Sales Price: $305,000

New Listings: 121

Active Listings: 148

Months of Inventory: 1.4

Information provided by The Real Estate Center

#RichardsonTX #HomesForSaleRichardson

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