The first move is getting clear on pace, price, and how much room you have to negotiate.
If you are trying to decide whether to jump into a home search now or wait, my answer is to start with the pace of the market and the price gap between asking and closing. In Richardson, TX, a typical sale took 31 days last month, which tells me you need to be prepared, but not rushed into careless decisions.
One number to respect from recent closed data is 31 days for a typical sale last month. That matters because homes in Richardson, TX were not sitting indefinitely, but they also were not disappearing overnight in a way that forces you to act without a plan. Recent offers landed about 96.1% of asking, and supply stood at 2.95 months last month. The practical impact is straightforward. When supply is 2.95 months and the market is labeled a seller's market, I do not recommend casual browsing with no financing, no timing plan, and no list of must-haves. At the same time, 96.1% of asking tells me buyers still had some room between list price and final price last month. Looking at the latest numbers, the clearest signal was the price range entering the market. New listings had a typical asking price of $460,000 last month, while active listings were at $449,250 and the typical closed price was $432,500. That spread matters. It tells me not every asking price should be treated as the final number. My strategy is simple. Get your approval and payment range settled before you tour. Narrow your search to homes priced with room against the typical closed price, not just the headline asking number. If a home has been available longer, study whether it fits the pattern of recent price cuts before you decide how aggressively to write. Some metrics were not reported for this period.
About Mercy Le Fevre
Mercy Le Fevre is a licensed Real Estate Professional affiliated with eXp Realty, specializing in the Richardson market. With a focus on strategic marketing and deep local knowledge, Mercy Le Fevre provides clients with expert guidance in navigating complex real estate transactions. View full profile →
