Richardson | July 2022

2022

REAL ESTATE EDITION

REAL ESTATE DATA 2021-22 Richardson

Data on the real estate market in Richardson

COMPILED BY WILLIAM C. WADSACK

real estate market at a glance While homes are spending fewer days on the market in the Richardson area, the options potential buyers have to choose from are slimmer than the year prior as fewer homes are being sold in the area’s ZIP codes. Home prices also increased in all of the ZIP codes in the area.

75080 75081 75082

PGBT TOLL

SOURCES: COLLIN COUNTY ASSOCIATION OF REALTORS, FREDDIE MACCOMMUNITY IMPACT NEWSPAPER

Average days on market

Average home sales price

June 2020-May 2021

June 2021-May 2022

June 2020-May 2021

June 2021-May 2022

75080

$342,750

+16.92%

$400,750

75081

$315,000

+19.02%

$374,900

75082

$410,00

75080 -48.48%

75081 -26.92%

75082 -62.16%

+23.17%

$505,000

Number of homes sold

National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage dropping to as low as 2.65% in January 2021. Rates have since increased, spiking to their highest point since 2009 as of early May.

June 2020-May 2021

June 2021-May 2022

672

604

30-year xed-rate mortgage

15-year xed-rate mortgage

5.27%

446 437

4.51%

3.72%

4.52%

282

2.65% 3.22%

253

3.99%

3.16%

2% 0 January 2019

-10.28%

-10.12%

75081 -2.02%

2.16%

2.43%

75080

75082

January 2020

January 2021

January 2022

RICHARDSON EDITION • JULY 2022