Richardson, Texas Home Values report for December 2014

In total for this year, home sales fell 9% relative to the same month last year, with 1,472 homes sold during 2014. Richardson housing sales were at 115 houses this December, which is a 17% fall from a month ago.

So far this year there, have been 1,589 new home properties listed total, which is a 9% dip from a year ago. This month, the number of new real estate listings in Richardson rose 10%, with 77 properties listed this month. In total for this year, listings under contract are at 1,366 in all, which is a 8% decline from a year ago. The number of listed homes under contract in Richardson climbed 40%, with 91 properties currently listed under contract this December. So far this year, the average home sales price for houses in Richardson was approximately $200,422, which is a 10% rise from a year ago. The average selling price was approximately $210,741 this month, which is a 13% gain from a month ago.

Overall this year, the percentage of original list prices received climbed 1% compared to the same period last year, with buyers receiving 97% of their list price. The percentage of asking price received by buyers this December increased 0%, with buyers receiving 97% of their list price. Overall this year, houses spent about 37 days in the market until sold., which is a 1% gain compared to the same period last year. The days on market until sale in Richardson rose 7%, at 43 days on market until sale. The current supply of active listings on the market was 121 homes. The market inventory of available homes this December in Richardson dipped 35%. In December 2014 there was a 1.1 month supply of available homes on the market, a 29% drop from a month ago.

Richardson real estate information, known as MLS Area 23, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Richardson Texas Real Estate December 2014


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