Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to bring you a market update for May 2024 in Richardson, Texas.
Let’s jump into the numbers. Currently, we have a 2.37 Months Supply of Inventory in Richardson. This means that if no new homes were to come on the market, it would take just over two months to sell all existing homes.
Over the last 12 months, we’ve seen a 26.06% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market. Still a Sellers Market!
The List to Sold Price percentage remains strong at 99.9%, showing that sellers are still able to get top dollar for their homes in this market. Be prepared to pay over asking price for the best properties.
The median days on market is just 20 days, indicating that homes are selling quickly in Richardson.
And finally, the median Sold Price is $484,950, showing a healthy market with steady growth.
Whether you’re a buyer or a seller, now is a great time to make a move in Richardson. With low inventory and high demand, sellers can expect top dollar for their homes, while buyers can still find great value in this market.
If you’re thinking about buying or selling in Richardson, don’t hesitate to reach out to me for personalized advice and guidance. Thank you for watching, and I’ll see you in the next update.
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Marie Sells Dallas 