Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to give you an update on the current condo and townhome market here in Richardson, Texas.
Let’s start with the Months Supply of Inventory. Currently, there are 5.3 months of inventory available. This means that if no new condos or town homes were to come onto the market, it would take 5.3 months to sell all the condos and town homes currently listed. Over the last year, we’ve seen a significant increase of 106.23% in the Months Supply of Inventory, indicating a shift in the market.
The List to Sold Price percentage is currently at 98%. This means that on average, condos and town homes are selling for 98% of their list price. This is important for both buyers and sellers to keep in mind when negotiating offers.
The median days on market is 71 days. This is the average amount of time it takes for a condo or town home to sell from the day it is listed until it goes under contract. This number can give buyers and sellers an idea of how quickly homes are moving in the current market.
Lastly, the median sold price in Richardson is currently $356,000. This is the middle point of all the condos and town homes sold in the area, giving you an idea of the overall market value.
So, whether you’re looking to buy or sell in Richardson, it’s important to stay informed on the current market trends. If you have any questions or are looking for more specific data on a certain neighborhood, feel free to reach out to me.
Thanks for dropping in, and happy house hunting!
|
|
|
Marie Sells Dallas 