Dallas Area Residential Sales Report for June – Richardson, TX

Typical of other North Texas Cities. Sales down prices up.

Sales fell 4% in June. Pending sales were off by 8.2%. The median sales price rose 21.4% compared to last June while the average sales price climbed 27.5%. The ratio of sales price to original list price was 104.8%. New listing jumped 41.9%. Active listings were up 35.4%. The increase in listings only took the months of inventory to 1.6 months. 6 months is considered a balanced market and we are a long way from that.

Sales: 120

Pending Sales: 67

Median Sales Price: $458,375

Average Sales Price: $528,265

Ratio of Sales Price to Original List Price: 104.5%

New Listings: 193

Active Listings: 172

Months of Inventory: 1.6 months

Information Provided by The Texas Real Estate Center