Hey there, I’m Marie Walton with Ebby Halliday REALTORS, and I’m here to give you a market update for January 2025 in Richardson, Texas.
Let’s dive into the numbers. Currently, we have a 2.94 Months Supply of Inventory in Richardson. That’s an increase of 58.06% over the last 12 months. What does this mean for buyers and sellers? Well, it’s important to keep an eye on inventory levels as they can impact pricing and competition in the market. Even with the large increase in supply, we are still deeply in a sellers market.
The Sold to List Price percentage is sitting at 95.5%. This means that on average, homes in Richardson are selling for just under asking price. This is a good indicator of market stability and buyer demand.
The median days on market is 62, which is a pretty healthy number. Homes are selling at a decent pace, but it’s always important to work with a REALTOR® who can help you navigate the market efficiently.
And finally, the median sold price in Richardson is $465,000. This is a key figure for both buyers and sellers to keep in mind when making decisions in the market.
So there you have it, a quick market update for January 2025 in Richardson, Texas. If you have any questions or are thinking about buying or selling a home, feel free to reach out to me.
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Marie Sells Dallas 