Hey there, everyone! It’s Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing well. Today, I have some exciting market updates to share with you, specifically for Preston Highlands in beautiful Dallas, Texas. So, whether you’re a buyer or a seller, you’re definitely in for a treat. Let’s jump right in!

First things first, let’s talk about inventory. Currently, in Preston Highlands, we have a 1.2 Months Supply of Inventory. Now, what does that mean? Well, it means that if no new homes were listed, it would take just 1.2 months to sell off all the available homes in the market. That’s incredible! And here’s the cherry on top: over the last 12 months, Months Supply of Inventory has actually decreased by 26.38%. So, if you’re a seller, this is fantastic news for you. Your property won’t linger on the market for long.

Now, let’s move on to the List to Sold Price percentage. This is a crucial indicator in any market. In Preston Highlands, the List to Sold Price percentage is currently at 100.6%. What does that mean for you as a buyer or seller? Well, it means that on average, homes are selling for slightly above their list price. For sellers, this shows that you have a great chance of getting a fair price for your property. And for buyers, it indicates a competitive market where you may need to make strong offers to secure your dream home.

Next up, let’s talk about the median days on market. In Preston Highlands, homes are selling like hotcakes with a median of just 10 days on the market. That’s right, you heard me correctly. 10 days! So, if you’re a seller, this means your property is likely to attract attention and find a buyer in no time. And buyers, be prepared to act fast when you find a home you love. The market moves quickly, and you wouldn’t want to miss out.

Last but certainly not least, let’s discuss the median sold price. In Preston Highlands, the median sold price is currently at a remarkable $633,000. This figure represents the midpoint price of all the homes sold in the area. So, whether you’re a buyer or a seller, it’s important to take this into consideration when making your real estate decisions. Sellers, this could be a great time to maximize your return on investment. And buyers, while it may be a competitive market, finding a home at this price point can still be a smart long-term investment.

And that’s a wrap on our market update for Preston Highlands in Dallas, Texas. I hope you found this information informative and helpful. As always, if you have any questions or if you’re looking to buy or sell in the area, I’m just a phone call away. Remember, whether you’re a buyer or a seller, having a knowledgeable REALTOR® by your side can make all the difference. Thank you for dropping in, and I’ll catch you in the next update. Happy house hunting!