Sales were up a strong 18% in November as compared to last November. The average sales price jumped 20% while the median sales price rose 17%. Pending Sales fell 18%. I guess all of the good properties went under contract leaving very little for potential purchasers to choose from. The number of new listings dropped 1%. The active listings increased 2% but this only took the months of inventory number to 0.9 months. It's a Sellers Market.
FYI As of this writing, the lowest priced property on the market in Richardson is $175,000 and there are 74 single-family homes listed for sale in MLS.
Sales: 103
Average Sales Price: $278,221
Median Sales Price: $259,900
Pending Sales: 81
New Listings: 78
Active Listings: 90
Months of Inventory: 0.9
Information provided by The Real Estate Center
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