Hi there, everyone! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing well and staying safe. Today, I have an exciting market update for all you buyers and sellers out there. So, let’s jump right in!

Today, we’re going to focus on the vibrant community of Canyon Creek in Richardson, TX. This beautiful neighborhood has so much to offer, and the real estate market is definitely heating up here. So, whether you’re looking to buy or sell, stick around because this market update is tailored just for you.

Let’s start with the numbers, shall we? As of August 2023, we currently have 1.77 Months Supply of Inventory in Canyon Creek. Now, what does that mean? Well, it indicates the number of months it would take for all the homes on the market to sell, given the current pace of sales. And let me tell you, that’s a tight market.

But here’s something interesting. Over the last 12 months, the Months Supply of Inventory has increased by 9.26%. Now, that might sound like a lot, but remember, we started from a historically low point. So, even with this increase, the market remains competitive, and it’s still a great time to make your move.

Now, let’s talk about the List to Sold Price percentage, which is currently at an impressive 96.7%. That means, on average, sellers are getting very close to their asking price. So, if you’re a seller, this statistic should bring a smile to your face, knowing that the market is supporting strong offers.

Alright, let’s talk speed. The median days on market in Canyon Creek is 22. Yes, you heard that right, just 22 days. That’s less than a month! So, if you’re a buyer, you need to be ready to act fast. The competition is fierce, and homes are selling like hotcakes.

Finally, let’s take a look at the Median Sold Price, which currently stands at $640,000. Now, this is just the median, so there’s a wide range of prices in Canyon Creek. But if you’re a seller, this number should give you confidence that there’s strong demand for homes in this area.

So, there you have it, folks – the latest market update for Canyon Creek in Richardson, TX. It’s an exciting time to be in the real estate market here, whether you’re buying or selling. And remember, if you have any questions or need assistance navigating this competitive market, I’m here to help. Just give me a call or send me a message.

Thanks for dropping by and until next time, take care and happy house hunting!