Richardson Residential Property Sales For February 2016 Are Down 11.1%

February 2016 Real Estate Market Summary for Richardson, TX (MLS Area 23)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 80 -11.1 176 143 -18.8
Closed Sales (Projected) 90 90 -0.1 176 153 -13.1
Listings Under Contract 106 110 3.8 216 198 -8.3
Average Sales Price $219,662 $238,582 8.6 $207,717 $224,626 8.1
Median Sales Price $213,500 $228,000 6.8 $200,250 $220,000 9.9
Percent of Original Price Received 96.9 97.7 0.8 96.2 97.3 1.1
Days on Market Until Sale 35 37 3.8 38 35 -7.5
Inventory of Homes for Sale 125 115 -8.0
Months Supply of Inventory 1.1 1.0 -12.6

The number of homes sold in February 2016 in Richardson reached 80, a down-slide of 11.1% compared to 2015. In Richardson there were 143 reported homes sold year to date, and this was a slump of 18.8% from 2015. The number of projected property sales this month was at 90, a dip of 0.1%. Year to date there were 153 projected properties sold, which was a decrease of 13.1%. In February 2016 there was an uptick of 19% in newly listed homes in the market. There were 125 newly listed homes in the market total this month. In Richardson there were 221 newly listed properties in the market year to date, and this was a climb of 1.8%. This month in Richardson units listed under contract experienced an improvement of 3.8% from last year, with 110 listed on a contract total. In Richardson the number of listings under contract year to date was lower 8.3% from February last year, with 198 listings under contract total this year. In February 2016 there were 1.0 approximate months supply of houses on the market, which was a fall of 12.6%. Houses for sale this month in Richardson dipped 8%, with 115 houses for sale total this month. This month days on market until sale experienced an improvement of 3.8% compared to the same month last year, with 37 days total. This month percent of list price received saw an uptick of 0.8%, with 97.7 percent total. In Richardson the number of percent of original list price received year to date reached 97.3 total, a growth of 1.1%.

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Richardson Texas Real Estate February 2016

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