Hello, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in Richardson, Texas. Today, I’m excited to bring you a market update for April 2024.

Currently, in Richardson, we have a 2.36 Months Supply of Inventory. This means that if no new homes were to come on the market, it would take 2.36 months to sell all the existing homes. Over the last 12 months, we’ve seen a 29.67% increase in Months Supply of Inventory, indicating a slight shift towards a buyer’s market. Whoever we remain deeply tilted to the Sellers side.

The List to Sold Price percentage is an impressive 99.6%, showing that sellers are receiving nearly their asking price on average. Many properties are going at or above asking price and with multiple offers.This is great news for sellers looking to maximize their return on investment.

The median days on market is just 25 days, indicating that homes are selling quickly in Richardson. This is good news for buyers who are looking to find their dream home without having to wait too long.

Marie Walton: And finally, the median sold price in Richardson is $525,000. This shows a strong and stable market with steady growth in home values.

Whether you’re buying or selling in Richardson, now is a great time to make a move. If you have any questions or are interested in learning more about the current market conditions, don’t hesitate to reach out to me. I’m here to help you navigate the real estate market with confidence. Thank you for dropping in and I look forward to working with you soon.