Hi everyone, and welcome back to another market update with yours truly, Marie Walton from Ebby Halliday, REALTORS! I hope you’re all having a fantastic day. Today, I have some exciting news and valuable insights to share with all you buyers and sellers out there in our beautiful city of Dallas, Texas.

So, let’s dive right into it, shall we? As of July 2023, we currently have a 2.74 Months Supply of Inventory in the market. What does that mean for you? Well, it means that there are still fantastic opportunities out there for buyers, but we’re also seeing a bit of a shift towards a more balanced market. So, sellers, now is definitely the time to capitalize on this!

Now, let’s talk numbers. Over the past 12 months, our Months Supply of Inventory has seen a healthy increase of 10.93%. This growth indicates a sustained and steady demand in our market, ensuring a bright future for both buyers and sellers. It’s always a win-win situation!

Speaking of wins, let’s chat about the List to Sold Price percentage. Are you ready for this? It’s a fantastic 98.5%! That means, on average, sellers are achieving almost their entire asking price! Now, isn’t that music to your ears? It’s a testament to the strength and desirability of our local real estate market.

Alright, let’s shift gears and talk about speed. In today’s fast-paced world, we all want things to happen quickly, right? Well, in the Dallas market, the median days on the market is just 24 days! That’s right, folks, you heard me correctly. Within a month, homes are being snatched up by eager buyers, making it an incredibly dynamic environment for all parties involved.

Now, let’s get to the nitty-gritty. The median sold price in Dallas is currently sitting at a very attractive $480,000. With such favorable numbers, it’s no wonder our city is a top choice for both buyers and sellers. Whether you’re looking to make a move or invest in real estate, Dallas has something for everyone.

So, there you have it, folks! A quick and engaging market update for all you smart buyers and sellers out there. Remember, I’m always here to assist and guide you through the exciting world of real estate. If you have any questions or need assistance, don’t hesitate to reach out to me or my amazing team at Ebby Halliday, REALTORS. We’re here to make your dreams a reality.

Marie Walton: Until next time, take care and happy house hunting!