Hey everyone, it’s Marie Walton from Ebby Halliday REALTORS here with your market update for the Farmers Branch in Texas. Today is October 2024, and I’ve got some exciting data to share with all you Buyers and Sellers out there.
Let’s dive right in. Currently, we have a 4.27 Months Supply of Inventory in the Farmers Branch Neighborhood. And get this, over the last 12 months, Months Supply of Inventory has increased by 75%. That’s some valuable information for you to consider when making your real estate decisions.
Next up, the List to Sold Price percentage is a strong 98.5%. This means that homes in the area are selling very close to their listing price, which is great news for Sellers looking to get top dollar for their properties.
Now, let’s talk about time on the market. The median days on market is 40 days, which is a good indicator of the current pace of the market in Farmers Branch. Whether you’re a Buyer or a Seller, this data can help you plan your next move accordingly.
And last but not least, the median Sold Price in the Farmers Branch Neighborhood is $465,500. This is the midpoint of all the home sales in the area, giving you a clear picture of the current market value.
So there you have it, folks! I hope you found this market update informative and helpful. Remember, real estate is always changing, so it’s important to stay informed and make decisions based on data. If you have any questions or are thinking about buying or selling in the Farmers Branch feel free to reach out to me. Thanks for watching, and I’ll see you in the next update!
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Marie Sells Dallas 