Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to provide you with an insightful market update on the condos/townhomes in Richardson, Texas in June 2024. Whether you’re a buyer or a seller, this information will be valuable for you.
Let’s dive into the data. Currently, there is a 5.19 Months Supply of Inventory in Richardson. This means that if no new homes were listed, it would take 5.19 months to sell all the existing homes on the market. Over the last 12 months, we have seen a significant increase of +123.71% in the Months Supply of Inventory, indicating a shift in the market dynamics.
The List to Sold Price percentage in Richardson is 95.6%, which showcases the competitiveness of the market. Sellers are still able to secure close to their asking price, but buyers should be prepared to negotiate effectively.
The median days on market in Richardson is 49, indicating that homes are selling relatively quickly. This is good news for sellers who are looking to move their property in a timely manner.
Lastly, the median Sold Price in Richardson is $280,000. This is a key indicator of the overall health of the market and can help both buyers and sellers make informed decisions.
Overall, the real estate market in Richardson, Texas is dynamic and ever-changing. It’s important to stay informed and work with a knowledgeable REALTOR® who can guide you through the process.
Thank you for watching, and if you have any questions or are looking to buy or sell in Richardson, feel free to reach out to me at 972-816-5197. Have a great day!
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Marie Sells Dallas 