Hey there, folks! Welcome back to another exciting market update. I’m Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS, and today we are diving into the latest real estate trends right here in the heart of Uptown, Dallas, TX. So whether you’re a buyer or seller, this blog is tailor-made for you. Let’s get started!

Alright, let’s jump right into the numbers! As of June 2023, we currently have a 1.96 Months Supply of Inventory in Uptown. Now, what does that mean for you? Well, it indicates the number of months it would take to sell all the homes on the market if no new listings were added. This low supply means we’re still in a competitive market, which is great news if you’re a seller!

Now, here’s an interesting stat for you. Over the last 12 months, we’ve seen a positive trend in the Months Supply of Inventory, with an increase of 18.07%. This means the market has become slightly more balanced, giving buyers a bit more breathing room in their search for the perfect home.

Alright, let’s talk about pricing. The List to Sold Price percentage currently stands at an impressive 99.6%. That means, on average, homes are selling very close to their list price. So, sellers, if you’re looking to maximize your return on investment, now is a fantastic time to make a move!

Now, let’s shift our focus to the speed at which properties are moving off the market. The median days on market in Uptown is just 18 days! That’s right – in less than three weeks, homes are finding their lucky new owners. So, buyers, it’s important to act quickly and work closely with a REALTOR® who can help you navigate this fast-paced market.

And finally, we can’t forget about the all-important median sold price. As of June 2023, the median sold price in Uptown is $600,000. This number represents the middle point of all home sales, so whether you’re looking to buy or sell, it’s a crucial figure to keep in mind.

Well that wraps up our market update for Uptown, Dallas. I hope you found this information helpful and insightful. Remember, real estate is always evolving, so staying informed is key to making the right decisions for your future.

If you have any questions or are ready to embark on your real estate journey, reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to guide you every step of the way.

Thanks for stopping by, and until next time, stay curious and keep chasing those real estate dreams!