Dallas Area Residential Sales Report - Richardson TX
January home sales were off by 6% in the Richardson area. Pending sales were up 1%. The average sales price rose 13% while the median sales price climbed 6%. It looks like there were some gyrations in the make up of the sales that tilted the average higher. New listings were up 5%. Active listings increased 41% compared to last January when inventory was extremely low. The months if inventory now stands at 1.6 months. Buyers are having a hard time finding a home to buy.
Sales: 51
Average Sales Price: $340,193
Median Sales Price: $297,500
Pending Sales: 79
New Listings: 98
Active Listings: 147
Months of Inventory: 1.6
Information provided by The Real Estate Center
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