Hello everyone, and welcome back to my blog. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I’m here to give you an exciting market update for Uptown in Dallas, Texas.

As we dive into the numbers, I want to take a moment to address both buyers and sellers in our audience today. Whether you’re looking to buy your dream home or considering selling your property, this market update is designed to provide you with the information you need to make informed decisions. So, let’s get started!

Currently, Uptown in Dallas has a 3.78 Months Supply of Inventory. Now, what does this mean for you? Well, it signifies a balanced market, where neither buyers nor sellers have a significant advantage. It’s important to keep in mind that this number can fluctuate over time, so staying up-to-date with the market is essential.

Looking back at the past 12 months, we’ve seen a notable +89% increase in the Months Supply of Inventory. This increase indicates that more properties have become available on the market, providing buyers with a wider range of options. Sellers, on the other hand, may need to strategize and price their homes accordingly to stay competitive.

Moving on to the List to Sold Price percentage, the current figure stands at 97.5%. This percentage represents the average ratio between the listing price and the final sold price of homes in Uptown. It’s crucial to note that this is just an average, and individual properties may experience variations. However, it’s generally indicative of a market where sellers are receiving offers close to their asking prices.

Now, let’s talk about the median days on market, which currently sits at 29. This number represents the average time it takes for a property to sell from the day it’s listed. With 29 days as the median, it’s clear that the Uptown market is moving at a brisk pace. Buyers should be prepared to act quickly, while sellers have the advantage of a relatively short marketing period.

Last but certainly not least, let’s discuss the Median Sold Price in Uptown, which is currently at $682,500. This figure represents the middle point of all the sold properties in terms of price. It’s important to remember that individual properties may vary significantly from this number, depending on their size, location, condition, and other factors. However, it offers a valuable benchmark for both buyers and sellers to gauge the overall market trends.

And that concludes our market update for Uptown in Dallas, Texas. Whether you’re a buyer or a seller, I hope you found this information valuable and insightful. Remember, the real estate market is constantly evolving, so it’s essential to stay informed and work with a knowledgeable REALTOR® like myself to navigate these changes successfully.

If you have any questions or if you’re ready to embark on your real estate journey, please don’t hesitate to reach out to me. You can find my contact information in the description below. Thank you for watching.

Disclaimer: The information provided in this blog is based on market data available at the time of recording and is subject to change. It should not be considered as financial or investment advice. Always consult with a professional before making any real estate decisions.