Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing fantastic today. I wanted to take a few minutes to give you a market update on Far North Dallas in beautiful Dallas, Texas. So, buckle up and let’s dive into the numbers!

Alright, let’s start by talking about inventory. Currently, we have a 2.17 Months Supply of Inventory in Far North Dallas. Now, what does that mean? Well, it means that if no new homes were to hit the market, it would take approximately 2.17 months to sell all the homes currently available. In other words, it’s a seller’s market, folks!

But here’s the exciting part. Over the last 12 months, the Months Supply of Inventory has actually decreased by 6.47%! That’s right, the market is becoming even more competitive for buyers. So, if you’re thinking about selling your home, now might be the perfect time to make your move.

Now, let’s talk about the List to Sold Price percentage. This is a crucial number for sellers as it shows how much of their asking price they can expect to receive. And guess what? In Far North Dallas, the List to Sold Price percentage is a fantastic 100.4%! That’s right, on average, sellers are getting more than their asking price. It’s an incredible time to sell, folks!

Moving on to the Median days on market. This is the amount of time it takes for a property to sell from the day it’s listed. And in Far North Dallas, the Median days on market is just 21 days! Can you believe it? Homes are flying off the shelves, so to speak. If you’re a buyer, you’ll need to act fast to snag your dream home in this competitive market.

Finally, let’s talk about the Median Sold Price. In Far North Dallas, the Median Sold Price is currently sitting at a solid $625,000. This means that half of the homes sold in the area were above this price point, and the other half were below. So, whether you’re a buyer or a seller, it’s essential to be aware of this benchmark when navigating the market.

Well, that wraps up our market update for Far North Dallas in July 2023. I hope you found this information helpful and insightful. Remember, these numbers are just a snapshot of the market right now, and things can always change. If you have any questions or need assistance with buying or selling a property, I’m here to help. Just reach out to me at Ebby Halliday, REALTORS.

Thanks for joining me today, and I’ll see you next time with more exciting updates. Take care and happy house hunting, everyone!