Hey there, homeowners and house-hunters! It’s Marie Walton, your friendly REALTOR® from Ebby Halliday, REALTORS, bringing you an exciting market update for August 2023. Whether you’re buying or selling, you’re in for a treat today!

[Let’s dive right in, shall we? In our vibrant city of Wylie, Texas, the real estate market is truly heating up! Currently, we have a mere 2.88 months supply of inventory. That means, if no new homes were listed, it would take just under 3 months to sell all the homes on the market. Talk about high demand!

But hold on tight because here’s the exciting part. Over the last 12 months, the Months Supply of Inventory has dropped by a staggering 13.51%! That’s right, folks, the competition is fierce, and homes are flying off the market faster than ever before.

[ Now, let’s talk about the List to Sold Price percentage. Brace yourselves for this one – it’s a jaw-dropper! Currently, sellers in Wylie, Texas are pocketing an impressive 98.3% of their asking price. Yes, you heard that right – 98.3%! So, if you’re selling your home, you can rest assured that you’re getting top dollar for your property.

Time is of the essence in this market, and guess what? The median days on market is just 28 days. That’s less than a month! So, if you’re a buyer, you’ll need to act fast and make sure you’re prepped and ready to snag your dream home as soon as it hits the market.

Last but certainly not least, let’s talk numbers. The median sold price in Wylie, Texas is currently sitting at a handsome $475,000. This tells us that the market is strong and values are continuing to rise. So, whether you’re looking to sell or invest, you can expect a solid return on your investment.

And there you have it, folks – a thrilling market update for August 2023 in Wylie, Texas. Whether you’re a buyer or seller, now is the time to make your move in this red-hot real estate market.

As always, if you have any questions or need assistance navigating this exciting market, feel free to reach out to me or my team at Ebby Halliday, REALTORS. We’re here to guide you every step of the way.

[Thank you for dropping in and until next time, happy home hunting, Wylie!