Richardson Texas Home Values were DOWN 3% in October

Richardson Texas Home Values were DOWN 3% in October over the same month last year with 68 homes selling this month compared to 70 sold this month last year! For the 2011, year to date, overall home sales were UP 4 % with 835 homes sold compared to 805 homes sold last year.

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New listings were DOWN 21% for the same period last year with 103 homes listed as compared to 131 listed this month last year. For the year 2011, overall home listings were DOWN 15% with 1,378 homes listed as compared to 1,613 homes listed last year. Listings under contract were UP 34% with 83 homes listed compared to 62 homes listed this month last year. Listings under contract for all 2011 were UP 10% with 900 homes listed as compared to 815 listed for all last year.

The average sales price of homes was DOWN .1% to $164,857 as compared to $164,968 for this month last year. The overall year of 2011 average sales prices were DOWN 2% to $162,403 as compared to $164,993 last year. Sellers received 91.7% of their asking price this month as compared to 91.6% this month last year. The average days on the market until sold in was 91 days compared to 82 days for this month last year UP 11%.

The current supply of homes on the market was 355 homes DOWN 32% as compared to 526 homes from the same period last year. This is 4.2 month supply of homes on the market DOWN 38% as compared to 6.8 month supply from this month last year.

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