Good afternoon, everyone! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I’m here to give you an exciting market update for the North Dallas area in Dallas, Texas. So, if you’re a buyer or seller in this vibrant city, you’ve come to the right place!
As of August 2023, I have some interesting statistics to share with you. Let’s dive right in!
Currently, we have a 3.33 Months Supply of Inventory. Now, what does this mean? Well, it indicates the number of months it would take to sell all the homes on the market if no new listings were added. This figure helps us gauge the level of competition in the market. And compared to the previous 12 months, we’ve seen a significant increase of 36.48% in the Months Supply of Inventory.
Another important metric to consider is the List to Sold Price percentage. In North Dallas, we are proud to report a strong 97.9% List to Sold Price ratio. This means that homes in this area are generally selling very close to their asking price. It’s a great indicator of the market’s stability and the value sellers are receiving for their properties.
Now, let’s talk about how long it takes for a home to sell in North Dallas. The median days on market currently stands at 40 days. This means that, on average, homes are being sold within a month and a half of being listed. It’s a testament to the desirability of this area and the efficiency of our real estate market.
Lastly, let’s discuss the Median Sold Price in North Dallas. As of August 2023, the Median Sold Price is an impressive $1,857,500. This figure represents the midpoint of all the homes sold in this area, and it reflects the strong demand and high-quality properties available in North Dallas.
So, whether you’re a buyer or seller, these market insights should give you a clear picture of the current real estate landscape in North Dallas. If you’re considering buying a home, you can take advantage of the healthy inventory and competitive prices. And if you’re thinking of selling, the strong List to Sold Price percentage and quick turnaround time on the market indicate a favorable environment.
Thank you for joining me today. If you have any questions or would like further assistance, please don’t hesitate to reach out to me. As a REALTOR® with Ebby Halliday, REALTORS, I’m here to help you navigate the North Dallas real estate market with ease and confidence. Drop in fo more for market updates and valuable insights. Until next time, take care and happy home hunting!
Marie Sells Dallas 