Richardson, TX

For May sales in the metroplex were off by 24% and the average sales price declined by 5%.

Richardson fared much better. Sales were down in Richardson by 13% but the average sales price was up by 2% while the median sales price was down by 2%. These 2 small changes in price really indicate a flat sales price. While the number of active listings and new listings continued to decline, pending sales saw an increase for the first time in months.

The continued decline in the number of homes on the market is creating a real shortage in the market place. The homes that are priced correctly and have been updated are going very quickly. Sometimes in 1 day.

If you are thinking about buying a homes in West Richardson you better be prepared to make an offer on the first home you see that meets your wants and desires because if you wait for several days to make up your mind, it will probably be gone.

MAY SALES DATA:

SALES: 90 A 13% DECREASE

AVERAGE PRICE: $181,954

MEDIAN PRICE: $162,000

DAYS ON MARKET: 54

PENDING SALES: 86

NEW LISTINGS: 143

ACTIVE LISTINGS: 307

MONTHS OF INVENTORY: 4

The last 2 weeks have seen buyers coming back into the market! I'm currently working with several buyers and Realtor I talk to says they are too. I don't know if the increase in mortgage rates have gotten buyers off center or just a better feeling about the economy but what ever it is it's a very positive sign.

If you are a buyer you better have a good agent who can get you in the homes the day they come on the market because the best homes are going fast.

We have 3 NEW listings in RICHARDSON HEIGHTS AND PARKVIEW ESTATES COMING UP!

We have several new listings coming up in Richardson Heights and Parkview Estates area, these 3 new listings are not on the market yet! If you have been searching for larger homes in and around Richardson Heights give us a call. We want to help you meet your real estate needs.

Call the team with proven results Call Mindy & Jay Robbins today 214-563-4584

www.TeamRobbins.com