Hello everyone, and welcome back to another market update video. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today we’ll be diving into the latest real estate trends here in Dallas, Texas. Whether you’re a buyer or a seller, you won’t want to miss out on this valuable information. So, let’s get started!
As of June 2023, the real estate market in Dallas is showing some interesting trends. Currently, we have a total of 2.65 Months Supply of Inventory. This means that based on the current rate of home sales, it would take approximately 2.65 months to sell all the available properties on the market.
Over the last 12 months, we’ve seen a significant increase in the Months Supply of Inventory, with a growth of 25.59%. This indicates that the market has become slightly more favorable for buyers, as there is a greater selection of homes to choose from.
Now, let’s talk about the List to Sold Price percentage. This figure represents the average percentage of the listing price that homes are actually sold for. In Dallas, we’re seeing a List to Sold Price percentage of 98.8%. This indicates that sellers are generally receiving close to their asking price, which is great news for those looking to sell their homes.
As you can see from the chart, the List to Sold Price percentage has remained consistently high, showing the strong demand for homes in the Dallas market.
Moving on to the median days on market, this figure represents the average number of days a property is listed before it goes under contract. In Dallas, the median days on market is currently 25. This means that, on average, homes are selling relatively quickly.
It’s important to note that this figure can vary depending on various factors such as location, price range, and condition of the property. So, if you’re thinking of selling your home, it’s crucial to work with a knowledgeable REALTOR® who can help you determine the best strategy to get your home sold quickly and at the best possible price.
Lastly, let’s talk about the median sold price in Dallas. Currently, the median sold price stands at $510,000. This figure represents the midpoint of all the homes sold in the area, with half of the properties selling above this price and half selling below. The majority of homes sold in Dallas fall within the $400,000 to $600,000 price range. However, it’s important to remember that the median sold price can vary depending on factors such as location, size, and condition of the property. And that wraps up our market update for June 2023. Whether you’re a buyer or a seller, it’s always important to stay informed about the latest trends in the real estate market. If you have any questions or are considering buying or selling a home in Dallas, Texas, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to help you navigate the market and achieve your real estate goals.
Remember, knowledge is power in the world of real estate. Until next time, stay informed and stay engaged. Take care!
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Marie Sells Dallas 