Good day, everyone! My name is Marie Walton, and I am a licensed REALTOR® with Ebby Halliday, REALTORS here in beautiful Uptown Dallas, Texas. Thank you for joining me today as we dive into the current market update for October 2023.
Let’s begin by addressing the two groups that this market update is tailored for – buyers and sellers. Whether you’re in the market to purchase your dream home or considering selling your property, knowledge about the current market conditions is essential for making informed decisions.

Starting with the market inventory, we currently have a 3.84 months supply of inventory in Uptown Dallas. This figure represents the number of months it would take to sell all the existing homes on the market if no new listings were added. It’s worth noting that over the last 12 months, the months supply of inventory has seen a significant increase of 101.05%. This upward trend suggests a more balanced market, providing both buyers and sellers with opportunities.

Now, let’s discuss the list to sold price percentage. Currently, Uptown Dallas homes are selling at an average of 96.7% of the list price. This figure gives sellers an idea of how close they can expect their listing price to the final sale price. It’s important to strategize pricing based on this data to maximize your return on investment.

Moving on to the median days on market, we find that homes in Uptown Dallas are spending an average of 29 days on the market before being sold. This statistic gives both buyers and sellers an understanding of the pace of the market. Buyers should be prepared to act quickly, while sellers may need to be patient for the right offer to come along.

Lastly, let’s discuss the median sold price in Uptown Dallas, which currently stands at $564,500. This figure represents the midpoint of all the sold prices in the area. It’s essential for both buyers and sellers to be aware of this data, as it sets a benchmark for pricing negotiations and helps determine the value of their investment.

To summarize, Uptown Dallas is experiencing a market with a healthy inventory supply, an increase in months supply of inventory over the past year, a list to sold price percentage of 96.7%, a median days on market of 29, and a median sold price of $564,500.

If you’re considering buying or selling a home in Uptown Dallas, I encourage you to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. As a dedicated and experienced REALTOR®, I am here to guide you through every step of the process and help you achieve your real estate goals.

I look forward to assisting you in realizing your real estate dreams.

Thank you for listing to this market update podcast. Stay tuned for more valuable content, and remember, when it comes to real estate in Uptown Dallas, I’ve got you covered.