Dallas Area Residential Sales Report for September – Richardson, TX

Sales prices continue to rise as sales decline.

Sales in September fell 34.8% compared to last September. Pending sales were off by 5.8%. The median sales price rose 6.8% while the average sales price increased 2%. The ratio of sales price to original list came in at 96.3%. New listings declined 24.8%. No help if you are a buyer. Active listings were off by 14.5%. The months of inventoty stands at 1.3 months. 6 months is considered a balanced market.

Sales: 77

Pending Sales: 65

Mediazn Sales Price: $430,000

Active Sales Price: $462,181

Ratio of Sales Price to Original List: 96.3%

New Listings: 100

Active Listings: 118

Months of Inventory: 1.3