Hey there, North Dallas! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. Can you believe it’s already September 2023? Time flies when you’re in the heart of the real estate world!
Now, I know you’re all eager to hear the latest market update, so let’s dive right in. Whether you’re a buyer or seller, this information is crucial for making informed decisions in our bustling city.
So, let’s talk about inventory. Currently, we have a 3.82 Months Supply of Inventory. That means, if no new homes were listed, it would take approximately 3.82 months to sell all the houses on the market. Now, compared to the previous year, we’ve seen a significant increase of 37.91% in our Months Supply of Inventory.
What does this mean for you? Well, buyers, you may have more options to choose from, giving you a bit more flexibility in your home search. And sellers, it’s essential to work with a REALTOR® who can guide you through this changing market and help you position your home strategically.
Now, let’s talk about the List to Sold Price percentage. In North Dallas, we’re currently seeing a strong 97% List to Sold Price ratio. That’s fantastic news for sellers, as it shows the market is competitive and buyers are willing to pay close to the asking price.
However, buyers, don’t fret! This doesn’t mean you can’t negotiate or find a great deal. With the guidance of a knowledgeable REALTOR®, you can still navigate this market and secure your dream home while getting the best value for your money.
Now, let’s discuss the median days on market. In North Dallas, the median time it takes for a home to sell is just 26 days. That’s less than a month! It’s a testament to the high demand and desirability of our beautiful city.
So, whether you’re a buyer or seller, it’s crucial to act swiftly and work with a REALTOR® who knows how to take advantage of this fast-paced market. Time is of the essence, and having an expert by your side can make all the difference.
Finally, let’s talk numbers – the median sold price. In North Dallas, the median sold price currently stands at $1,320,000. It’s a testament to the exceptional quality of homes available in our area and the value that buyers see in investing here.
Sellers, this means there’s tremendous potential for you to maximize your investment and achieve a great return. Buyers, don’t be discouraged. While the median price is higher, there are still opportunities for you to find your perfect home within your budget.
And that’s a wrap on our September 2023 market update! Remember, whether you’re buying or selling, I’m here to guide you through these exciting real estate adventures in North Dallas. Reach out to me at Ebby Halliday, REALTORS, and let’s make your dreams come true.
Thanks for dropping in and until next time, stay engaged, stay informed, and stay excited about the possibilities that await you in our wonderful city of North Dallas!
Marie Sells Dallas 