Dallas Area Residential Sales Report – Richardson, Texas

The market’s current state is a result of a combination of factors, including increased inventory, slightly higher days on market, and a moderation of prices. While prices are not appreciating at the rapid pace seen in previous years, the market is demonstrating a return to more normalized conditions. Buyers are in a stronger negotiating position than they have been in recent years, but competition still exists for well-priced and well-marketed properties. For sellers, pricing a property correctly from the outset is more critical than ever to avoid extended market times and multiple price reductions. The current environment presents a more sustainable and less frenzied market for all participants.