Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in Richardson, Texas. Today, I’m excited to share with you a market update for September 2024 on condos and town homes.
Let’s dive into some data that can help both buyers and sellers navigate the current real estate market.
First up, we have 7.69 months supply of inventory in Richardson. This means that it would take 7.69 months to sell all the current homes on the market if no new listings were added. Over the last 12 months, we’ve seen a significant increase of 347.09% in months supply of inventory.
Next, the list to sold price percentage is at 98.8%. This shows that on average, condos and town homes are selling very close to their list price, which is great news for sellers.
The median days on market is 48 days, indicating that condos and town homes in Richardson are selling relatively quickly.
And finally, the median sold price is $299,750. This is the middle point of all the sold prices in the area, giving us a good idea of the current market value.
So, whether you’re looking to buy or sell, it’s important to stay informed about the market trends in your area. If you have any questions or are thinking about making a move, feel free to reach out to me for personalized guidance.
Thank you for dropping in, and I’ll see you in the next update!
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Marie Sells Dallas 