Dallas Area Resident Sales Report For February – Richardson, TX

Inventory is extremely low!

Single family home sales came in down 14% compared to last February. Pending sales were even worse off by 23%. Buyers just came find homes to purchase due to the supply situation. The average sales price increased 6% while the median sales price was up 12%. New listings did rise by 5% but the number of active listing fell by 52%. Months of inventory now stands at 0.2 months. Buyers are snapping up properties as soon as they hit the market.

Sales: 64

Average Sales Price: $414,743

Median Sales Price: $390,000

Pending Sales: 63

New Listings: 71

Active Listings: 27

Months of Inventory: 0.2 months

Information provided by The Texas Real Estate Center