Hi there, everyone! Welcome back to my blog I’m Marie Walton, a REALTOR® from Ebby Halliday, REALTORS, and today I’m here to give you an exciting market update for August 2023 in the stunning neighborhood of Melshire Estates, right here in Dallas, Texas.

Now, whether you’re a buyer or a seller, this update is crucial for you. So, let’s dive right in!

First, let’s talk about the Months Supply of Inventory, which is a key indicator of the real estate market’s health. Currently, in Melshire Estates, we have a 1.95 Months Supply of Inventory. That means if no new listings come on the market, it would take 1.95 months to sell all the existing homes.

Now, here’s something interesting. Over the past 12 months, we’ve seen a significant increase in the Months Supply of Inventory, with a staggering +71.05% rise. This increase indicates a shift towards a more balanced market, giving buyers a bit more negotiating power.

Next, let’s talk about the List to Sold Price percentage, which is crucial for sellers. In Melshire Estates, the List to Sold Price percentage currently stands at an impressive 96.9%. That means, on average, sellers are getting nearly 97% of their asking price.

Now, for all the eager buyers out there, let’s talk about the Median days on market. In Melshire Estates, homes are spending approximately 37 days on the market before they get sold. This indicates a healthy demand and a competitive market for buyers.

And finally, let’s talk numbers. The Median Sold Price in Melshire Estates stands at a remarkable $745,000. This demonstrates the desirability and value of homes in this beautiful neighborhood.

So, whether you’re looking to buy or sell in Melshire Estates, now is a fantastic time to make your move. With a balanced market, high List to Sold Price percentage, and a healthy demand, you have great opportunities on both sides of the equation.

Thank you all for joining me today for this exciting market update. If you have any questions or if you’re interested in buying or selling in Melshire Estates or anywhere in the Dallas area, don’t hesitate to reach out to me. As always, I’m here to help you navigate the real estate market with confidence and expertise.

Marie Walton: Until next time, take care, stay informed, and happy house hunting!