Hey there, Sachse! It’s Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing amazing today. I’m here with an exciting market update for all you buyers and sellers out there!

In September 2023 the real estate market in Sachse, Texas is buzzing with activity. So, let’s dive right in and take a look at what’s been happening.

First up, let’s talk about inventory. Currently, we have a very tight market with just 1.84 months supply of inventory. That means if no new homes were listed, it would only take 1.84 months to sell all the existing homes on the market. So, if you’re a seller, this is great news! The demand is high and the competition is fierce.

Now, let’s take a look at the trend over the past year. We’ve seen a significant decrease in the Months Supply of Inventory, with a staggering -11.54% drop. This shows that the market has become even more competitive, making it a prime time for sellers to get top dollar for their homes.

Speaking of getting top dollar, let’s talk about the List to Sold Price percentage. Currently, homes in Sachse are selling at an impressive 97.4% of their list price. This means that on average, sellers are getting very close to their asking price. So, if you’re thinking of selling, now is the time to make a move!

Now, let’s shift gears and talk about the median days on market. This is the average number of days it takes for a home to sell once it’s listed. In Sachse, the median days on market is 55. That’s less than two months! So, buyers, be prepared to act fast and make competitive offers to secure your dream home.

Finally, let’s discuss the median sold price. Currently, the median sold price in Sachse is $452,500. This is a great indicator of the overall health and value of the local real estate market. It’s important to note that this is the median price, so there are homes available at various price points to suit different budgets.

So, whether you’re a buyer or a seller, the Sachse real estate market is brimming with opportunities. With low inventory, high demand, and homes selling close to their list price, it’s an exciting time to be in the game.

That’s all for today’s market update. If you have any questions or need assistance navigating this competitive market, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to help you make informed decisions and achieve your real estate goals. Until next time, take care and happy house hunting!