Hey there, folks! Marie Walton here, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. Today, I have some exciting news to share with all you buyers and sellers out there in Preston Hollow North, Dallas, Texas. So, grab a seat and let’s dive right into our market update for September 2023!

Now, let’s talk numbers. Currently, we have a 4.02 Months Supply of Inventory. But what does that mean? Well, it simply indicates the number of months it would take to sell all the homes on the market if no new listings were added. And guess what? Over the last 12 months, our Months Supply of Inventory has skyrocketed by a whopping 84.4%! That’s a clear indication of the thriving real estate market here in Preston Hollow North.

Now, let’s discuss something that every seller eagerly anticipates: the List to Sold Price percentage. And you’ll be thrilled to know that it currently stands at an impressive 97.9%! That means, on average, sellers are getting nearly their entire asking price. It’s a fantastic time to sell your property and secure a great return on your investment.

And now, let’s chat about the median days on market. Drumroll, please… It’s just 90 days! That’s right, folks. Homes in Preston Hollow North are flying off the market faster than ever before. So, if you’re looking to buy, you’ll need to act fast and make sure you’re prepared to make a competitive offer.

Now, brace yourselves for this one. The median sold price in our beloved Preston Hollow North is a jaw-dropping $2,650,000. That’s right, you heard it correctly! This affluent neighborhood continues to attract buyers who appreciate the exceptional quality of life, fantastic amenities, and stunning properties that Preston Hollow North has to offer.

So, whether you’re a seller looking to make a profitable move or a buyer searching for your dream home, Preston Hollow North is the place to be. With its thriving market, high List to Sold Price percentage, and incredible median sold price, it’s no wonder this picturesque neighborhood is in such high demand.

That’s it for our market update, folks! If you have any questions or want more information about the real estate opportunities in Preston Hollow North, don’t hesitate to reach out to me at Ebby Halliday, REALTORS. We’re always here to help you make the best decisions for your real estate journey. Until next time, stay engaged, stay informed, and stay excited about the possibilities that await you in Preston Hollow North!