For May sales in the metroplex were off by 24% and the average sales price declined by 5%. Richardson fared much better. Sales were down in Richardson by 13% but the average sales price was up by 2% while the median sales price was down by 2%. These 2 small changes in price really indicate a flat sales price. While the number of active listings and new listings continued to decline, pending sales saw an increase for the first time in months. The continued decline in the number of homes on the market is creating a real shortage in the market place. The homes that are priced correctly and have been updated are going very quickly. Sometimes in 1 day. If you are thinking about buying a homes in West Richardson you better be prepared to make an offer on the first home you see that meets you...
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