Dallas Area Residential Sales Report for June – Richardson, TX

Hi there, everyone! Welcome back to my web site. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I’m here to give you an exciting market update for Richardson, Texas in June 2023. Whether you’re a buyer or a seller, this information is going to be valuable for you, so let’s dive right in!

Alright, let’s start with a key metric that both buyers and sellers pay close attention to: Months Supply of Inventory. Currently, we have 1.87 months of supply, indicating a fairly competitive market. But here’s the interesting part – over the last 12 months, we’ve actually seen a decrease of 4.59% in the Months Supply of Inventory. So, what does this mean for you?

Well, for sellers, this means that the market is favoring you. With lower inventory, there’s less competition, potentially leading to quicker sales and potentially higher prices. And buyers, don’t worry, I’ve got you covered too! Although the market is competitive, there are still opportunities out there. So, let’s keep exploring!

Now, let’s talk about the List to Sold Price percentage, which is currently at 100.9%. That’s right, sellers are getting, on average, just over their asking price. This is fantastic news for anyone looking to sell their home. It showcases the strong demand and the willingness of buyers to pay top dollar for the right property. So, if you’re thinking of selling, now might be the perfect time to make your move!

Time is of the essence, and in Richardson, the median days on market is just 19 days. That’s less than three weeks! Buyers, this means you need to act fast and be prepared to make competitive offers. And sellers, it’s a clear sign that if you price your home right and present it well, you could potentially see a quick turnaround time.

Finally, let’s discuss the median sold price, which currently stands at $440,000. This gives you a good idea of the overall market value in Richardson. Whether you’re buying or selling, it’s essential to have a realistic understanding of the price range in your area. And remember, this is just the median. There are homes available at various price points, so there’s something for everyone.

And that wraps up our market update for Richardson, Texas in June 2023. I hope you found this information helpful and insightful. Remember, if you have any questions or if you’re thinking about buying or selling in Richardson, I’m here to help. Reach out to me at Ebby Halliday, REALTORS, and let’s make your real estate dreams come true!

Marie Walton: Don’t forget to hit that subscribe button and stay tuned for more exciting updates on the Richardson real estate market. Thanks for dropping by and I’ll see you next time!