Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to give you a market update on condos and town homes for November 2024 here in Richardson, Texas.
Marie Walton: Currently, we have a 5.55 Months Supply of Inventory. This means that if no new homes were to come on the market, it would take 5.55 months to sell all the condos and town homes that are currently available. Over the last 12 months, Months Supply of Inventory has increased by +121.12%.
Moving on to the List to Sold Price percentage, we are seeing a strong number of 97.8%. This means that on average, condos and town homes are selling for 97.8% of their listing price.
The median days on market is 66, which shows that properties are selling relatively quickly in Richardson.
Lastly, the median Sold Price is $376,000. This is a good indicator of the overall health of the market.
So there you have it, a quick market update for November 2024 in Richardson, Texas. If you have any questions or are thinking about buying or selling a condo or town home, feel free to reach out to me. Have a great day!
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Marie Sells Dallas 