Good day, everyone! This is Marie Walton, REALTOR® with Ebby Halliday, REALTORS, bringing you the latest market update for Wylie, Texas. Today, we’ll be diving into some exciting statistics and trends that will surely keep all you buyers engaged and interested. So, let’s get started!

First and foremost, let’s talk about our current supply of inventory. As of July 2023, we have a healthy 2.55 months supply of inventory in Wylie. This means that, at the current pace of sales, it would take approximately 2.55 months to sell all the available homes in the market.

Now, let’s look at the trend over the last 12 months. We’ve seen a significant decrease of 13.85% in the Months Supply of Inventory. This indicates a growing demand for homes in Wylie, Texas. Buyers, this means that competition might be a bit tighter, so it’s essential to act swiftly when you find your dream home.

Moving on to another crucial aspect, the List to Sold Price percentage. In Wylie, Texas, we have an impressive 98.9% List to Sold Price percentage. This indicates that, on average, sellers are receiving almost the entire asking price for their homes. As a buyer, it’s crucial to understand this trend and be prepared for potential negotiations in this competitive market.

Now, let’s talk about the median days on market in Wylie, Texas. Over the past year, homes have been spending an average of just 26 days on the market before being sold. This indicates a fast-paced and dynamic real estate market. Buyers, it’s essential to be proactive and work with a knowledgeable REALTOR® who can help you stay ahead of the game.

Finally, let’s discuss the median sold price in Wylie, Texas. As of July 2023, the median sold price stands at a healthy $460,000. This figure represents the midpoint of all sold homes in Wylie, Texas. It’s essential to keep this in mind when setting your budget and expectations as a buyer.

And that concludes our market update for Wylie, Texas. As always, it’s crucial to stay informed and work with a trusted REALTOR® who can guide you through the process. If you have any questions or need assistance with your home buying journey, feel free to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. Thank you for dropping in.