Buyers were snapping up homes in Richardson in August
Dallas Area Residential Sales Report for August – Richardson TX
Home sales rose 17% as compared to last August. Pending sales came in with an increase of 12% so we can look forward to a positive September. The average sales price increased 10% while the median sales price was up 7%. New listings eked out a 1% gain but with all the sales taking properties out of the market active listings declined by 46%. The months of inventory is now at 1.2 months. Buyers will have a had time finding that dream home due to this low inventory and when thy do, expect a lot of competition for other buyers.
Sales: 123
Average Sales Price: $350.186
Median Sales Price: $322,000
Pending Sales: 139
New Listings: 132
Active Listings: 125
Months of Inventory: 1.2
Information provided by The Real Estate Center
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