It's very much a Seller's Market!
Single-Family:
Sales were up by 3%. The average sale price jumped 22% while the median sale price increased 24%. Prices continue to rise due to the extreme shortage of homes on the market and the fact that you can hardly find a home in Richardson for under $200,000. Pending Sales rose by 13%. The number of new listings declined by 3% and the active listings dropped by 1%. The months of inventory now stands at 0.9 months. 6 months is considered a balanced supply, so you can readily see how far the market is tilted to the seller's side.
Sales: 119
Average Sales Price: $290,166
Median Sales Price: $280,000
Pending Sales: 134
New Listings: 136
Active Listings: 90
Months of Inventory: 0.9
If you live in the Dallas area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
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