Richardson TX Residential Sales Report for July

SALES WERE UP!

Single-Family:

If you saw my Dallas Area Residential Sales Report for July you know that sales were off in July. I'm happy to report that Richardson bucked the trend. Sales in Richardson were up by 2%. It's not a lot but it's better that being down. The average sales price rose 16% while the median sales price was up by 13% as compared to a year ago. Pending Sales were down by 2% so everything was not rosy. The number of new listings fell 17% and the active listing by 22%. The months of inventory is now at 1.1 months. 6 months is considered a balanced supply/demand number so you can readily see that we are very tilted to the Seller's side.

Sales: 114
Average Sales Price: $285,003
Median Sales Price: $262,000
Pending Sales: 130
New Listings: 151
Active Listings: 108
Months of Inventory: 1.1

Thinking of buying or selling a home? Give me a call and put my over 30 years of knowledge and experience to work for you.

Marie Walton, ABR, CRS, GRI, SRES

Ebby Halliday, Realtors

972-816-5197

mariewalton@ebby.com

Information provided by The Real Estate Center at Texas A&M.