Dallas Area Residential Sale Report for July – Richardson, TX

As in other areas in July home sales were booming with s 20% increase in sales as compared to last July. Pending sales rose 15%. The average sales price increased 6% while the median sales price climber 8%. New listings fell 9%. Active listings retreated 64% taking the months of inventory down to 1.4 months.

Buyers will have a hard time finding that dream homes with inventories this low.

Sales: 164

Average Sales Price: $353,628

Median Sales Price: $325,000

Pending Sale: $125

New Listings: 149

Active Listings: 142

Months of Inventory: 1.4

Information provided by The Real Estate Center