Hello, and welcome back to my blog! I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you the latest market update for May 2024 in Northrich, Richardson, TX.

Let’s dive into the numbers. Currently, we are seeing a very competitive market in Northrich with only 0.95 Months Supply of Inventory. This means that buyers need to act fast when the right property comes on the market.

Over the last 12 months, the Months Supply of Inventory has decreased by a significant 57.01%, showing just how quickly homes are being snatched up in this area.

Sellers, you’ll be happy to hear that the List to Sold Price percentage is at an impressive 98.5%. This means that homes are selling very close to their listing price, giving you confidence in the value of your property.

The median days on market in Northrich is 42 days, showing that properties are moving quickly. And the median sold price is $422,500, indicating a strong market with good value for both buyers and sellers.

Whether you’re looking to buy or sell in Northrich, now is a great time to make a move. Reach out to me for personalized guidance and expert advice to navigate this competitive market.

Thank you for dropping in, and I’ll see you in the next blog with more updates and insights. Remember, I’m here to help you achieve your real estate goals in Northrich and beyond. Take care!