Ken Oenbrink - NTX Property Watch Report

Richardson, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com


Richardson, TX

Mon Jun 17 2019
This week the median list price for Richardson, TX is $364,900 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 221. Click here to stay informed with the Richardson market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Richardson, TX

Mon Jun 17 2019
This week the median list price for Richardson, TX is $364,900 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 221. Click here to stay informed with the Richardson market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Richardson market.
Median List Price $364,900
Per Square Foot $160
Days on Market 49
Price Decreased 43%
Price Increased 5%
Relisted 10%
Inventory 221
Median House Rent $2,150
Most Expensive $1,200,000
Least Expensive $210,000
Market Action Index
Strong Seller's Market 		46

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$550,000 3,131 0.25 - 0.5 acre 4 3 34 11 3 59
$424,900 2,556 8,000 - 10,000 sqft 4 3 39 15 12 55
$330,000 2,236 8,000 - 10,000 sqft 4 2 43 11 11 43
$280,000 1,685 8,000 - 10,000 sqft 3 2 56 16 11 42