Hello, everyone! Welcome back to my blog. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I have an exciting market update for all you buyers and sellers in Richardson, Texas. So, grab a cup of coffee, sit back, and let’s dive right in!

As of December 2023, Richardson is experiencing a thriving real estate market. Currently, we have a 2.01 months supply of inventory. Now, what does that mean? Well, it means that if no new homes were listed, it would take just over 2 months to sell all the existing homes on the market. This is great news for sellers as it indicates a strong demand in the area.

Over the last 12 months, we’ve seen a significant increase of 18.24% in the Months Supply of Inventory. This rise suggests that more homes have been entering the market, giving buyers a wider selection to choose from. So, if you’re a buyer, now might be the perfect time to start your search!

Now, let’s talk about something that everyone cares about: the List to Sold Price percentage. In Richardson, the List to Sold Price percentage currently stands at an impressive 97.4%. This means that, on average, sellers are receiving almost the full asking price for their homes. It’s a clear indication of the competitiveness of the market and the value that buyers see in Richardson properties.

Another important factor to consider is the median days on market, which is currently 38 days. This is the average time it takes for a property to sell from the day it’s listed. With a median of just 38 days, it’s evident that homes in Richardson are selling relatively quickly. So, sellers, be prepared for a potentially swift transaction.

Finally, let’s discuss the median sold price in Richardson, Texas. Drumroll, please… It’s $465,450! This figure represents the middle point of all homes sold in the area, showcasing the overall market value. With a median sold price in this range, it’s clear that Richardson offers a diverse selection of homes at various price points.

And there you have it, folks! That wraps up our market update for December 2023 in Richardson, Texas. Whether you’re buying or selling, these statistics provide valuable insights into the current state of our local real estate market.

If you’re ready to make a move or have any questions, please don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday REALTORS. I’m here to guide you through every step of the process and help you achieve your real estate goals.

Thank you for dropping by. Stay informed, stay engaged, and as always, happy house hunting!