Hello everyone, and welcome back to another market update. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today we’re diving into the current state of the real estate market in Camelot, Garland, TX. So, whether you’re a buyer or a seller, you’re in the right place. Let’s get started!

As of September 2023, we are seeing some exciting trends in the Camelot real estate market. So, let’s jump right in and talk numbers.

Currently, we have a 2.04 months supply of inventory in the Camelot area. This means that if no new homes were listed, it would take just over two months to sell all the existing homes on the market. It’s important to note that over the last 12 months, our Months Supply of Inventory has decreased by 11.3%. This indicates a growing demand for homes in the area.

Now, let’s talk about List to Sold Price percentage. In Camelot, sellers are achieving an impressive 100.5% of their list price. This is great news for those looking to sell their homes, as it shows that properties are consistently selling at or above their asking prices.

Another interesting statistic is the median days on market, which currently stands at just 11 days. This means that, on average, homes in Camelot are selling quickly, giving sellers less time to wait for offers to come in. It’s a fast-paced market, and buyers need to act swiftly to secure their dream home.

Last but certainly not least, let’s talk about the median sold price in Camelot. Currently, the median sold price is $351,750. This figure represents the midpoint of all the home prices in the area. It’s important to keep in mind that this is just a general indicator and individual homes may vary.

So, what do all these numbers mean for you? Well, if you’re a buyer, it’s crucial to act quickly when you find a home you love. With low inventory and homes selling fast, it’s a competitive market out there. And if you’re a seller, now is a great time to list your home. With high list to sold price percentages and quick sales, you have the opportunity to maximize your return.

If you have any questions about the Camelot real estate market or if you’re thinking about buying or selling, don’t hesitate to reach out to me. I’m here to help and provide you with expert guidance every step of the way.

That’s all for today’s market update. Thank you for dropping by, and I’ll see you next time with more valuable insights. Remember, I’m Marie Walton, your trusted REALTOR® with Ebby Halliday, REALTORS. Until then, happy buying and selling!