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.
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