Hey everyone, Marie Walton here with Ebby Halliday REALTORS, bringing you a market update for September 2024 in the Farmers Branch. Whether you’re a buyer or seller, this information is important for you to stay informed and make the best decisions for your real estate needs.
Let’s dive into the data. Currently, we have a 4.45 Months Supply of Inventory in the Farmers Branch. This means that if no new homes were added to the market, it would take 4.45 months to sell all of the existing inventory. Over the last 12 months, we have seen a 79.44% increase in Months Supply of Inventory, indicating a shift in the market that buyers and sellers should be aware of.
The List to Sold Price percentage in the Farmers Branch is 98%, showing that homes are typically selling very close to their asking price. This is great news for sellers who can expect to receive a fair offer for their home.
The median days on market is 32 days, which is a good indicator of the pace of the market. Homes are selling relatively quickly, so buyers should be prepared to act fast when they find a home they love.
Lastly, the median sold price in the is $485,000. This is a key figure for both buyers and sellers to understand the current market value of homes in the area.
Overall, the market in Farmers Branch is showing some interesting trends that buyers and sellers should be aware of. If you’re thinking about buying or selling in this area, now is a great time to reach out to a REALTOR® to discuss your options.
Thanks for dropping by, and remember, I’m here to help you navigate the real estate market in Farmers Branch.
See you next time!
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Marie Sells Dallas 