Richardson Housing Sales For December 2016 Down 15.5%

December 2016 Real Estate Market Summary for Richardson, TX (MLS Area 23)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 82 66 -19.5 1683 1603 -4.8
Closed Sales (Reported) 129 109 -15.5 1470 1385 -5.8
Closed Sales (Projected) 129 122 -5.1 1470 1398 -4.9
Listings Under Contract 71 710.0 1461 1386 -5.1
Average Sales Price $230,377 $262,060 13.8 $223,839 $251,764 12.5
Median Sales Price $226,500 $248,000 9.5 $216,000 $240,000 11.1
Percent of Original Price Received 98.4 97.1 -1.3 98.5 98.7 0.2
Days on Market Until Sale 32 30 -4.4 26 25 -4.2
Inventory of Homes for Sale 132 89 -32.6
Months Supply of Inventory 1.1 0.8 -28.4

In Richardson there was a decline of 15.5% in the number of residential property sales recorded in December 2016 in contrast to last year. There were 109 residential property sales recorded total this month. Year to date the number of property sales saw a fall of 5.8% from 2015, with 1385 property sales this year. In December 2016 projected housing sales reached 122, a decline of 5.1%. The number of projected housing units sold in Richardson year to date saw a decrease of 4.9%, with 1398 projected housing units sold total this year. In December 2016 in Richardson new units listed saw a dip of 19.5%, with 66 newly listed total. New residential properties in the market year to date reached 1603 total, a dip of 4.8%. In Richardson the number of listings under contract this month showed an improvement of 1461% compared to last year, with 710.0 under a contract total. In Richardson there was no difference in housing units listed under contract year to date compared to 2015. There were -5.1 housing units listed under contract this year. In December 2016 months supply of inventory in Richardson was 0.8, a dip of 28.4%. Properties for sale in December 2016 was 89, a fall of 32.6%. In Richardson days on market until sale in December 2016 saw a down-slide of 4.4% relative to last year, with 30 days total. In December 2016 in Richardson percent of original list price received was lower 1.3%, with 97.1 percent of original list price received this month. The number of percent of original list price received year to date reached 98.7, a growth of 0.2%.

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Richardson Texas Real Estate December 2016

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