Richardson Residential Housing Sales For November 2016 Are Higher 12.3%

November 2016 Real Estate Market Summary for Richardson, TX (MLS Area 23)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 106 119 12.3 1341 1274 -5.0
Closed Sales (Projected) 106 134 26.1 1341 1289 -3.9
Listings Under Contract 110 100 -9.1 1390 1315 -5.4
Average Sales Price $203,857 $245,127 20.2 $223,208 $250,927 12.4
Median Sales Price $209,625 $236,500 12.8 $215,000 $240,000 11.6
Percent of Original Price Received 97.3 97.9 0.5 98.5 98.9 0.3
Days on Market Until Sale 32 25 -20.7 26 25 -3.8
Inventory of Homes for Sale 147 126 -14.3
Months Supply of Inventory 1.2 1.1 -11.7

In November 2016 the number of home sales reported in Richardson reached 119 total, an increase of 12.3% in contrast to November 2015. Year to date there were 1274 houses sold, which was a decline of 5% from last year. This month projected homes sold saw a growth of 26.1%, with 134 projected homes sold total this month. Projected houses sold in Richardson year to date was lower 3.9%, with 1289 projected houses sold this year. In November 2016 in Richardson new homes was at 95, a down-slide of 4%. Year to date the number of newly listed units in the market reached 1537, a fall of 4%. In November 2016 listings under contract fell 9.1% from November 2015, with 100 listings under contract total this month. Houses listed under contract in Richardson year to date reached 1315, a dip of 5.4% from last year. There was a fall of 11.7% in approximate months supply of inventory in November 2016. There were 1.1 approximate months supply of inventory total this month. This month there was a decline of 14.3% in units for sale in the market. There were 126 units for sale in the market total this month. Days on market until sale this month was at 25 total, a fall of 20.7% in contrast to the same point in time last year. The total percent of list price received in Richardson in November 2016 was 97.9 total, a growth of 0.5%. The number of percent of asking price received year to date saw an increase of 0.3%, with 98.9 percent of asking price received total this year.

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Richardson Texas Real Estate November 2016


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