Hey there, folks! Welcome back to my blog, where we dive into all things real estate in the vibrant city of Dallas, Texas. I’m Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, I have an exciting market update for all you buyers and sellers out there, so let’s jump right in!

It’s July 2023, and the real estate market in Northeast Dallas is hotter than ever. So, if you’ve been thinking about making a move, this update is definitely for you!

Let’s start with some numbers, shall we? Currently, we’re looking at a 2.46 Months Supply of Inventory. Now, what does that mean? Well, it indicates how long it would take for all the houses on the market to be sold if no new listings were added. And guess what? Over the last 12 months, we’ve seen a whopping 19.42% increase in this figure. That’s right, folks, the demand is high, and homes are flying off the market!

Now, let’s talk about pricing. The List to Sold Price percentage is sitting pretty at 99.9%. That means that on average, sellers are getting almost their entire asking price. So, if you’re thinking of selling, now might just be the perfect time to maximize your investment!

What about the speed at which homes are selling? Well, the median days on the market is just 20 days. That’s right, in less than a month, properties are getting snatched up by eager buyers. So, if you’re a buyer, you’ll want to act fast and be prepared to make competitive offers.

And finally, let’s talk about the median sold price, which currently stands at a handsome $485,000. This figure represents the midpoint of all the home sales in Northeast Dallas. So, whether you’re buying or selling, it’s essential to have a clear understanding of the market’s value.

Wow! Those numbers are truly exciting, aren’t they? Whether you’re a buyer looking for your dream home or a seller ready to make a move, the Northeast Dallas market is favoring both sides right now.

Remember, folks, as your trusted REALTOR®, I’m here to guide you through every step of your real estate journey. Reach out to me at Ebby Halliday, REALTORS, and let’s make your real estate dreams a reality in the vibrant city of Dallas!