Richardson Housing Sales For January 2017 Are Lower 1.5%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Richardson, TX (MLS Area 23)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 95 106 11.6 95 106 11.6
Closed Sales (Reported) 65 64 -1.5 65 64 -1.5
Closed Sales (Projected) 65 72 10.6 65 72 10.6
Listings Under Contract 87 77 -11.5 87 77 -11.5
Average Sales Price $204,722 $257,454 25.8 $204,722 $257,454 25.8
Median Sales Price $190,000 $259,600 36.6 $190,000 $259,600 36.6
Percent of Original Price Received 96.7 97.5 0.8 96.7 97.5 0.8
Days on Market Until Sale 31 30 -3.3 31 30 -3.3
Inventory of Homes for Sale 121 99 -18.2      
Months Supply of Inventory 1.0 0.9 -14.5      

In Richardson there were 64 properties sold in January 2017, and this was a slump of 1.5% compared to 2016. Year to date residential housing sales recorded reached 64 total, a slump of 1.5% from January last year. There were 72 projected real estate sales this month, which was a rise of 10.6%. Projected homes sold in Richardson year to date underwent an improvement of 10.6%, with 72 projected total this year. This month the number of new house listings saw a growth of 11.6%, with 106 new house listings this month. There were 106 new housing units for sale in the market year to date, which was an improvement of 11.6%. In January 2017 the number of listings under contract reached 77 total, a slump of 11.5% from January last year. Houses listed under contract in Richardson year to date saw a slump of 11.5% from 2016, with 77 under contract total this year. In Richardson there were 0.9 approximate months supply of housing units on the market in January 2017, which was a decrease of 14.5%. The number of residential properties for sale in January 2017 underwent a down-slide of 18.2%, with 99 listed total. In Richardson the number of days on market until sale in January 2017 dipped 3.3% compared to the same month last year, with 30 days on market until sale this month. Percent of asking price received in January 2017 was higher 0.8%, with 97.5 percent of asking price received this month. Percent of asking price received year to date was at 97.5, a climb of 0.8%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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