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
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I'm a Dallas area native. I graduated from Richardson High School and Southern Methodist University. I have been a real estate broker since 1975 and with Ebby Halliday, Realtors since 1987.
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Excuse me! The excellent site, has especially liked design. Thanks.
I am from Tonga and now study English, please tell me right I wrote the following sentence: "Westclox listing by brand name at buy now."
Thanks for the help :-D, Trish.