Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to give you a market update for August 2024 in Richardson, Texas.
Let’s dive right in. Currently, we have a 3.78 Months Supply of Inventory in Richardson. This means that if no new homes were added to the market, it would take 3.78 months to sell all the existing homes. Over the last 12 months, we’ve seen an 80% increase in Months Supply of Inventory, indicating a shift in the market. 6 months is considered a balanced market.
The List to Sold Price percentage in Richardson is currently at 97.8%. This means that, on average, homes are selling for 97.8% of their listing price. This is a great indicator of a strong market where sellers are getting close to their asking price.
The median days on market in Richardson is 28 days. This is the average amount of time it takes for a home to sell once it’s listed. With a median of 28 days, homes are moving quickly in Richardson.
Finally, the median sold price in Richardson is $439,125. This is the middle point of all the homes sold in Richardson, indicating the market value in the area.
That’s all for our market update for August 2024 in Richardson, Texas. If you’re looking to buy or sell in this area, feel free to reach out to me for personalized assistance. Thanks for dropping by and happy house hunting!
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Marie Sells Dallas 