Hey there, folks! Welcome back to the blog! I’m Marie Walton, your friendly neighborhood REALTOR®, bringing you the latest market update for Far North Dallas in Dallas, TX, and boy, do we have some exciting news for all you buyers and sellers out there!

Alright, let’s dive right into the numbers, shall we? Currently, we have a 2.76 Months Supply of Inventory in Far North Dallas. What does that mean? Well, it’s a measure of how long it would take to sell all the homes on the market if no new listings were added. And let me tell you, that’s a pretty balanced market right now.

Now, let’s take a look at the trend over the last 12 months. Drum roll, please! We’ve seen a 16.46% increase in the Months Supply of Inventory. Don’t panic, though! This just means that we’ve had a bit more inventory coming onto the market, giving buyers a few more options to choose from. It’s all about balance, my friends!

Alright, here’s a stat that both buyers and sellers should pay close attention to—the List to Sold Price percentage. Currently, it’s at a fantastic 98.8%! What does that mean for you? Well, sellers, it means you have a pretty good chance of getting close to your asking price, if not more. And buyers, it means you need to bring your A-game when making offers. No low-balling here!

Now, let’s talk about time on the market. The median days on market is just 28 days. That’s right, folks, homes are flying off the shelves! If you’re a seller, this is excellent news. But buyers, don’t fret. With the right guidance and strategy, you can still find your dream home in this competitive market. Trust me, it’s all about having a proactive REALTOR® on your side.

And finally, let’s talk numbers—the median sold price. In Far North Dallas, the median sold price currently stands at a handsome $645,000. Now, this number can fluctuate depending on various factors, but it gives you a general idea of what to expect in this area. It’s all about knowing your market and making informed decisions.

Alright, folks, that wraps up our market update for September 2023. I hope you found this information helpful and insightful. Remember, whether you’re a buyer or a seller, it’s crucial to stay in the know and work with a REALTOR® who understands the local market dynamics. If you have any questions or need assistance, don’t hesitate to reach out to me at Ebby Halliday, REALTORS.

Thanks for dropping in, and until next time, happy buying and selling, everyone!