Single-Family:
Sales were up a strong 37% in Richardson for March. The average sales price jumped 14% with the median sales price increased by 20%. These large increases are caused by sales being concentrated in the upper price ranges. There are very few sales below$200,000.
The number of pending sales were flat. New listings were up b y 3% but the active listings declined by 16%. The months of inventory now stands at 0.7 months.
Sales: 114
Average Sales Price: $267,279
Median Sales Price: $235,000
Pending Sales: 91
New Listings: 114
Active Listings: 67
Months of Inventory: 0.7
Condo and Townhouses:
Condo and townhouse sales were down by 26%. The average sales price increased by 38%
and the median price by 36%. As with single-family this increased is caused by the sales being in the upper price ranges.
and the median price by 36%. As with single-family this increased is caused by the sales being in the upper price ranges.
Pending sales were off by 6%. The new listings declined by 20% and the active listings by 21%.
The months of inventory is at 2 months.
Sales: 14
Average Sales Price: $104,146
Median Sales Price: $88,500
Pending Sales: 15
New Listings: 12
Active listings: 27
Months of Inventory: 2
Leases:
Leases were up by 7% in March. The average rent increased by 1% and the median rent by 7%.
Pending Leases jumped 200% compared to last March. The number of new listings increased by 58% and the active listings by76%. Unfortunately really do not help the supply because the months of inventory is at 1.2 months.While this is better than last month, the number is still very low.
Leases: 47
Average Rent: $1,533
Median Rent: $1,450
Pending Leases: 21
New Listings: 52
Active Listings: 43
Months of Inventory: 1.2
Information provided by The Real Estate Center at Texas A&M.
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