Our local housing market continues to be interesting and ever changing! Never a dull moment around here. There are still low levels of available housing inventory available for sale, which is sometimes making it a little tricky for buyers who are forced to wait for houses to come onto the market. In the average price range for Richardson ($200-250K) we only have 1.9 months worth of homes available if homes continue to be purchased at the current pace. In the average price range for Dallas ($200-299K) there is only 1.7 months worth of available inventory.
 
In the below examples from the city of Dallas as a whole you can see that in the last three years the available inventory has declined 40% which has pushed sales prices up nearly 22%. If you're considering selling your house soon it would be a great time to speak about your options.
 
July's months supply of housing inventory
 
 
July's median sales price of housing inventory
 

Do not let the national news media be the only influence on how you feel about the current market because real estate is hyper local. Locally, we have one of the strongest housing markets in the entire country. That's something to be proud of. If you've been considering selling your home, now would make perfect sense with the low levels of available homes. Buyers do not have the luxury of waiting too long to shop around for fear that they may miss out on the home of their dreams. Combine that factor with an aggressive marketing approach like ours and it's no wonder that we're selling homes in a matter of days (and sometimes hours). This is great news for Richardson residents. Check out the links below to see all the exact numbers.

Click to view the Richardson Housing Market Report.

Click to view the Dallas Housing Market Report.

P.S. We're working with multiple buyers who have a very strong desire to get into homes in The Reservation subdivision in Richardson and the far North Dallas area feeding into Bowie Elementary (RISD). If you are in one of these areas and would like to talk about your options please give us a call. If you have a friend, family member or coworker who may be interested in speaking to us about their options please feel free to forward this to them or let us know so we can reach out to them.

P.P.S. Do you want to know what your home would sell for? If so, or if you have any other real estate related questions, please feel free to call me at my office at 214.216.2161.

Todd Tramonte

Todd Tramonte

Todd Tramonte is an industry leading communicator about real estate, marketing, client experience and business best practices. Through expertise,education, and a results-oriented approach, Todd and his team at The Todd Tramonte Home Selling Team have one common goal: Provide the absolute most valuable expertise, counsel and direction through the home selling and buying process and ensure that it is fun by working as a team of experts each complimenting each others' strengths. Find other articles written by Todd.