Dallas Area Residential Sales Report for June – Far North Dallas

Hey there, everyone! Marie Walton here, your trusted REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing well and staying safe. Today, I have some exciting news to share with all you buyers and sellers out there in Far North Dallas, Texas. So, let’s jump right into it!

Now, before we dive into the numbers, I want to remind you that these statistics are based on the market conditions as of June 2023. So, keep that in mind as you make your real estate decisions.

Let’s start with inventory. Currently, we have a 2.26 months supply of inventory in Far North Dallas. What does that mean? Well, it indicates how long it would take to sell all the homes on the market if no new listings were added. This number is quite important as it can give you an idea of the overall market health.

And guess what? Over the last 12 months, the months supply of inventory has increased by 35.33%! This means we’ve seen more homes available for buyers to choose from. So, if you’re in the market for a new home, now might be a great time to start your search.

Now, let’s talk about the list to sold price percentage. This number represents the average ratio between the list price and the sold price of a home. In Far North Dallas, the list to sold price percentage is 100.4%. What does that mean for you as a seller? It means that, on average, homes are selling very close to their list price. So, if you’re thinking about selling your home, this might be an encouraging sign for you.

Next up, let’s talk about the median days on market. This is the average number of days it takes for a home to sell from the day it’s listed. In Far North Dallas, the median days on market is 16. Yes, you heard that right, just 16 days! This indicates that homes are selling relatively quickly in our area. So, if you’re a seller, this means you might not have to wait too long to see offers rolling in.

And finally, let’s discuss the median sold price. In Far North Dallas, the median sold price is currently $636,500. This represents the middle point of all the sold prices in our area. Now, keep in mind that this number can vary based on factors such as location, size, and condition of the home. But it’s always a helpful reference point to understand the general price range in our market.

So, there you have it, folks! A quick market update for Far North Dallas in June 2023. Remember, these numbers are just a snapshot of the current conditions, and real estate is constantly evolving. If you have any specific questions or need personalized advice, don’t hesitate to reach out to me or any of my colleagues at Ebby Halliday, REALTORS.

Thank you all for tuning in today. I hope you found this market update informative and engaging. Stay tuned for more updates in the future, and until then, happy buying and selling!