Richardson Residential Housing Sales For January 2017 Are Down 1.5%

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

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Richardson Texas Real Estate January 2017


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