Dallas Area Residential Sales Report for August - Richardson, TX
Sales slowed in Richardson during august as compared to the same time last year. Down 11%. Pending sales also declined falling 10%. Not good for September sales numbers. The average sales price was up by 1% as was the median sales price. Think you could call that just about flat. The number of new listings increased 3%. The active listings took a 28% jump. But to put this in perspective, the months of inventory only increased to 2.2 months. This is well short of the 6 months considered a balanced market. There are still buyers out there, but the house better be priced correctly!
Sales: 111
Average Sales Price: $315,725
Median Sales Price: $290,000
Pending Sales: 97
New Listings: 163
Active Listings: 208
Months of Inventory: 2.2
Information provided by The Real Estate Center
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