Good morning, everyone! Thank you for joining me today. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and I’m here to bring you the latest market update for August 2023 in beautiful Carrollton, Texas.

Let’s dive right in! For all you buyers and sellers out there, this update is for you. So, let’s talk about the numbers that matter.

Currently, Carrollton is experiencing a 1.57 Months Supply of Inventory. This means that if no new homes were listed, it would take just over one and a half months to sell all the available properties in our market. Now, let’s look at the bigger picture. Over the past 12 months, we have seen a significant decrease of -27.31% in the Months Supply of Inventory. This indicates a tightening market, which can have a direct impact on both buyers and sellers.

Another key metric to consider is the List to Sold Price percentage, which currently stands at an impressive 98.3%. This means that, on average, sellers in Carrollton are receiving 98.3% of their asking price. It’s important to note that this percentage can vary depending on factors such as location, condition of the property, and market demand. However, it’s encouraging to see such strong numbers in our local market.

Now, let’s talk about how quickly properties are selling. The median days on market in Carrollton is 22. This means that, on average, it takes just 22 days for a property to go under contract from the day it is listed. This is great news for sellers who are looking for a quick transaction, but it also emphasizes the importance of being prepared as a buyer in this competitive market.

Finally, let’s discuss the all-important median sold price. Currently, the median sold price in Carrollton is $449,750. This gives us a clear picture of the market’s overall value and can be a helpful benchmark for both buyers and sellers. However, it’s crucial to remember that individual property values can vary based on factors such as size, location, and condition.

That wraps up our market update for August 2023 in Carrollton, Texas. I hope you found this information helpful and insightful. Whether you’re a buyer or seller, it’s essential to stay informed about the latest trends in our local real estate market.

If you have any questions or would like to discuss your specific real estate needs further, please don’t hesitate to reach out to me. As a dedicated REALTOR® with Ebby Halliday, REALTORS, I am here to provide you with expert guidance and support throughout your real estate journey.

Thank you for dropping in and I’ll see you next time!