Good day, ladies and gentlemen! Welcome back to another market update with Marie Walton, your trusted REALTOR® from Ebby Halliday REALTORS. Today, we have some exciting news to share about the real estate market in Greens, Garland, TX. So, whether you’re a potential buyer or seller, this information is crucial for your decision-making process.

Let’s dive right into the current state of inventory. As of October 2023, Greens in Garland, TX, is experiencing a healthy real estate market with 2.69 months of supply. This means that if no new homes were listed, it would take approximately 2.69 months to sell all the existing inventory. It’s important to note that a balanced market typically has around 6 months of supply, so Greens is currently favoring sellers.

Now, let’s shift our focus to the List to Sold Price percentage. In the past 12 months, Greens has witnessed a remarkable 104.7% list to sold price ratio. This statistic indicates that sellers are receiving, on average, 4.7% above their initial asking price. So, if you’re considering selling your home, now might be the perfect time to capitalize on this favorable market trend.

Time is of the essence in the real estate market, and Greens is no exception. The median days on market currently stand at just 16 days. This means that, on average, homes in this area are selling incredibly fast. Buyers, take note! If you’re looking to secure your dream home in Greens, you’ll need to act swiftly and decisively.

Lastly, let’s talk about the median sold price in Greens. At an impressive $680,000, the market has seen a significant increase in home values. This upward trend is a testament to the desirability of living in this fantastic city. Sellers, this is fantastic news because it means you’re likely to see a healthy return on your investment.

In conclusion, Greens in Garland, TX, is currently experiencing a thriving real estate market. With a low supply of inventory, high list to sold price percentage, short days on market, and rising median sold prices, there are plenty of opportunities for both buyers and sellers to achieve their real estate goals.

Marie Walton: As always, if you have any questions or need assistance navigating this dynamic market, please don’t hesitate to reach out to me, Marie Walton, your dedicated REALTOR® from Ebby Halliday REALTORS. Thank you for watching, and I look forward to helping you make your real estate dreams a reality.