Hello everyone, and welcome back to another market update with Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, I’m thrilled to bring you the latest insights into the Carrollton, Texas real estate market as of July 2023. Whether you’re a buyer or seller, this update is designed to keep you engaged and informed. So let’s jump right in!

Let’s start by looking at the Months Supply of Inventory, a key indicator of market activity. Currently, we have 2.11 months of supply in Carrollton. Over the last 12 months, we’ve seen a decrease of 6.64% in the Months Supply of Inventory. This means that the market is experiencing a tighter inventory, potentially leading to increased competition among buyers.

Now, let’s talk about the List to Sold Price percentage. In Carrollton, sellers are achieving a remarkable 101% of their listing price. This indicates a strong demand for properties in our area, and sellers are reaping the benefits of this competitive market. So if you’re thinking of selling, now might be the perfect time to make a move!

Time is of the essence in real estate, and the Median Days on Market is a crucial metric for both buyers and sellers. In Carrollton, properties are spending a median of just 17 days on the market. This indicates a fast-paced market where well-priced homes are selling quickly. Buyers, be prepared to act swiftly when you find the perfect home, and sellers, take advantage of the high demand in our area!

Finally, let’s discuss the Median Sold Price in Carrollton. As of July 2023, the median sold price stands at a strong $470,000. This represents a healthy appreciation in our local market and is a testament to the desirability of our community. Whether you’re a buyer looking for a great investment or a seller looking to capitalize on your property’s value, Carrollton is the place to be!

And there you have it, folks, the latest market update for Carrollton, Texas. As always, if you have any questions or are ready to take the next steps in your real estate journey, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to guide you through this exciting market and help you achieve your real estate goals. Thank you for dropping by and until next time, take care!