Hi there, everyone! Welcome back to my blog. I’m Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, we have an exciting market update for you, specifically focusing on the Northwood Hills – Valley View neighborhood in Dallas, Texas. So, if you’re a buyer or seller in this area, you’re in the right place!

Let’s dive right into the numbers, shall we? As of July 2023, we currently have a 2.78 Months Supply of Inventory in Northwood Hills – Valley View. Now, what does that mean? Well, it indicates the number of months it would take for all the homes on the market to be sold if no new listings were added. This metric gives us a glimpse into the level of competition you might face as a buyer or the potential demand for your property if you’re a seller.

Interestingly, over the last 12 months, we’ve seen a notable increase of 29.3% in the Months Supply of Inventory. This suggests that the market has become slightly more favorable for buyers, as there are more options available. However, it’s important to remember that a balanced market typically has around 6 months of supply, so we’re still leaning towards a seller’s market.

Now, let’s talk about the List to Sold Price percentage. In Northwood Hills – Valley View, sellers have been achieving an impressive 99.2% of their listing price. This means that, on average, homeowners are getting very close to their desired asking price. It’s a testament to the desirability and value of properties in this area.

Another important metric to consider is the Median Days on Market, which stands at just 26 days. This indicates that homes in Northwood Hills – Valley View are selling relatively quickly. So, if you’re a seller looking to make a move, this could be an excellent opportunity to capitalize on the current market conditions.

Finally, let’s talk about the Median Sold Price. In this neighborhood, the median sold price is an impressive $1,200,000. This means that half of the homes in Northwood Hills – Valley View sold above this price point, while the other half sold below. It’s essential to keep in mind that this figure represents the middle ground and doesn’t necessarily reflect the price of every property in the area.

And that concludes our market update for Northwood Hills – Valley View in Dallas, Texas. Whether you’re buying or selling, it’s crucial to stay informed about the local market trends. If you have any questions or would like to explore your options further, don’t hesitate to reach out to me. I’m here to help you navigate the real estate journey with expertise and personalized guidance.

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