Dallas Area Residential Sales Report – Richardson Neighborhoods – Northrich

Hey there, everyone! Welcome back to my blog. I’m Marie Walton, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I have some exciting market updates for all you Buyers and Sellers out there in the Northrich Addition of Richardson, TX.

So, let’s dive right in. Currently, we have a 3.66 Months Supply of Inventory in Northrich. That’s a +104.47% increase over the last 12 months. What does this mean for you as a Buyer or Seller? Well, it’s important to keep an eye on inventory levels to understand market conditions.

Moving on to List to Sold Price percentage, we’re looking at a solid 104.6%. This number tells us how close homes are selling to their list price. It’s always good to know this data when negotiating offers.

Next up, let’s talk about the Median days on market, which is 35 days. This number represents the average amount of time it takes for a home to sell in Northrich. It’s crucial for Sellers to be aware of this data when planning their listing strategy.

Last but not least, the Median Sold Price in Northrich is $341,000. Knowing the median price can help both Buyers and Sellers make informed decisions about their real estate transactions.

And there you have it, folks! Those are the latest market updates for Northrich in Richardson, TX. Remember, real estate is always evolving, so it’s important to stay informed. If you have any questions or need assistance with buying or selling your home, feel free to reach out to me. Until next time, happy house hunting!