Marie Walton: Hello everyone, and welcome back to another market update with me, Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. It’s August 2023, and I’m excited to bring you the latest news about the Sachse real estate market. Whether you’re a buyer or a seller, this update is for you!

Let’s dive right in and talk about the inventory. Currently, we have a 2.09 Months Supply of Inventory in Sachse, Texas. What does that mean? Well, it indicates the number of months it would take to sell all the homes on the market if no new listings were added. It’s a key indicator of market activity, and it tells us that we’re still in a competitive market.

Looking back over the last 12 months, we’ve seen a slight increase in the Months Supply of Inventory, with a growth of +8.29%. This means we’ve had more homes available for buyers to choose from compared to the previous year. It’s a positive sign for those looking to find their dream home in Sachse.

Now, let’s talk about another important factor for sellers, the List to Sold Price percentage. In Sachse, we currently have a List to Sold Price percentage of 98.3%. What does that mean for you as a seller? Well, it shows that, on average, homes are selling very close to their listing price. It’s a great indicator of the market’s stability and the strength of the offers being made.

Moving on to the median days on market, we have a figure of 26 days. That means, on average, it takes about a month for a home to go from listing to sold. Now, this number can vary depending on various factors, such as the condition of the property and its location. However, it’s important to note that Sachse continues to attract buyers, and homes are not staying on the market for long.

And finally, let’s discuss the median sold price. In Sachse, the median sold price is currently $457,500. This number represents the middle point of all the sold prices in the area. It’s a helpful benchmark for buyers and sellers to understand the overall market trends. So, whether you’re considering buying or selling, it’s crucial to keep this figure in mind.

That’s all for today’s market update! I hope you found this information useful and informative. Remember, if you have any questions or need assistance with your real estate journey, I’m here to help. As always, please reach out to me, Marie Walton, your dedicated REALTOR® from Ebby Halliday, REALTORS.

Thank you for dropping by, and don’t forget to like, subscribe, and share this blog with anyone who might benefit from this market update. Until next time, take care and happy house hunting!