Hello everyone, and welcome back to my channel. I’m Marie Walton, a licensed REALTOR® with Ebby Halliday, REALTORS, here to bring you the latest market update for Richardson, Texas. Today is September 2023, and I have some exciting news to share with both our buyers and sellers.
Let’s start by taking a look at the current housing inventory in Richardson. As of today, we have 2.22 months supply of inventory available. Now, what does this mean? Well, it means that if no new homes were listed for sale, it would take approximately 2.22 months for all the existing inventory to be sold.
Now, let’s dig a little deeper. Over the past 12 months, we have witnessed a significant increase of 37.89% in our Months Supply of Inventory. This rise indicates a slightly shifting market, where we are seeing more homes becoming available for potential buyers. Sellers should take note of these trends and adjust their strategies accordingly.
Now, let’s talk about every seller’s favorite topic – the List to Sold Price percentage. In our Richardson market, we are currently experiencing a List to Sold Price percentage of 100.1%. That’s right, homes are selling for slightly above the listing price on average. This is fantastic news for sellers, as it indicates strong demand and the potential for a quick sale.
Speaking of quick sales, let me share the median days on market with you. In Richardson, homes are spending an average of just 28 days on the market before finding a buyer. This is a testament to the desirability of our community and the strong demand from buyers. So, if you’re looking to sell your home, now may be the perfect time to make a move.
Finally, let’s discuss the median sold price in Richardson. Currently, the median sold price stands at $445,000. This figure represents the midpoint of all the homes sold in our market. It’s important to note that this number can vary based on factors such as location, size, and condition of the property. If you’re considering buying or selling, it’s crucial to work with a trusted REALTOR® who can provide you with accurate and personalized information.
Well, that’s it for today’s market update. I hope you found this information helpful and insightful. If you have any questions or need assistance with your real estate needs, please don’t hesitate to reach out to me. Remember, I’m here to guide you through every step of the process. Until next time, take care and happy house hunting!
Marie Sells Dallas 