Dallas Area Residential Sales Report for April – Richardson, TX

Inventory in short supply. Buyers paying over the list price.

Sale fell 20.3% compared to last year as buyers struggle to find that dream home. The average sales price rose 27.5% while the median sales price rose 24.8%.  Buyers paid on average 108.1% above the list price. New listings declined by 34%. Active listings fell 37.7%. Properties under contract came in flat. Months of inventory now stands at 0.7 months.

Sales: 98

Median Sales Price: $468,000

Average Sales Price: $507,101

Sales price to original list: 108.1%

New Listings: 107

Active Listings: 71

Under Contract: 74

Months of Inventory: 0.7 months

Information provided by The Texas Real Estate Center