The Richardson Market topped out in May. I thought it might be interesting to you to see how it has performed since them. Data is s comparison of May to October.
Compared to last May sales in October were off by 8.39%. Pending sales fell 42.03%. Median sales price declined 34.84% and the average sales price was down 32.61%. The ratio of sales price to original list price was 11.39% lower. New listings declined 35.97%. Active listings rose 40.66%. Days on market expanded by 245.45%. The months of inventory jumped up 55.56%.
We are still in a short supply situation and the large increases in active listings and months of supply are caused by listings staying on the market long. Not a lot of new listings.
May Oct. Change
Sales:
91 83 -8
Pending Sales:
69 40 -29
Median Sales Price:
505,110 452,500 -52,610
-Average Sales Price:
562,672 498,631 -64,041
Ratio/ to Original Sales Price:
108% 95.7% -12.3%
New Listings:
139 89 -50
Active Listings:
91 471 37
Days on Market:
11 38 27
Months of Inventory:
0.9 1.4 0 .5
No comments:
Post a Comment