Hello, everyone! I’m Marie Walton, a dedicated REALTOR® with Ebby Halliday, REALTORS, and I’m excited to bring you the latest market update for Old East Dallas in Dallas, Texas. Today, we’ll be discussing some key statistics that will help both buyers and sellers make informed decisions in this dynamic real estate market.

Let’s start with the Months Supply of Inventory. As of August 2023, Old East Dallas has a current supply of 3.31 months. This means that if no new listings were added, it would take approximately 3.31 months to sell off all the available inventory in the area. Now, compared to the previous 12 months, we’ve seen a notable increase of 16.55% in the Months Supply of Inventory. This suggests that demand is slightly outpacing supply, creating a favorable environment for sellers.

Another important factor to consider is the List to Sold Price percentage, which stands impressively at 99.4%. This tells us that homes in Old East Dallas are selling very close to their original listing price, indicating a strong market where buyers are willing to pay the value that sellers are asking for.

Now, let’s talk about the Median days on market, which currently sits at just 16 days. This means that, on average, homes in Old East Dallas are selling within a mere 16 days of being listed. This quick turnover highlights the high demand and desirability of properties in this area.

Lastly, let’s discuss the Median Sold Price, which is an essential figure for both sellers and buyers. In Old East Dallas, the Median Sold Price is currently at an impressive $805,000. This indicates a healthy and thriving real estate market, where property values continue to appreciate.]

So, whether you’re a buyer or a seller, these statistics show that Old East Dallas in Dallas, Texas, is a hot market with plenty of opportunities. If you’re looking to sell your home, now may be a great time to capitalize on the high demand and strong list to sold price percentage. And if you’re in the market to buy, act fast, as homes are selling quickly and it’s crucial to stay ahead of the competition.

Thank you for joining me today. If you have any questions about the market in Old East Dallas or if you’re ready to make a move, don’t hesitate to reach out to me. I’m here to guide you every step of the way. Remember, Marie Walton, your trusted REALTOR® with Ebby Halliday, REALTORS.