Good day, everyone! I’m Marie Walton, your REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for single family home sales in the Lower Greenville neighborhood of Dallas, Texas. Today’s update is for November, 2023 sales, and I’m thrilled to have you join me for this insightful discussion.

Now, whether you’re a buyer or a seller, this market update is for you. So, let’s dive right into the numbers that matter.

Currently, we’re seeing a 2.64 Months Supply of Inventory in Lower Greenville. This means that if no new listings come on the market, it would take approximately 2.64 months to sell all the existing inventory. Now, compared to the last 12 months, we’ve experienced a significant increase of 76% in Months Supply of Inventory. This indicates a shift in the market dynamics, and it’s crucial for both buyers and sellers to understand these shifts in order to make informed decisions.

Now, let’s talk about the List to Sold Price percentage. In Lower Greenville, we’re currently seeing a healthy List to Sold Price percentage of 96.6%. This means that, on average, homes are selling at 96.6% of their list price. It’s important to note that this percentage can vary depending on various factors such as location, condition, and market demand. As a seller, understanding this metric can help you price your home strategically, while as a buyer, it can guide your negotiation strategy.

Next up, we have the Median Days on Market, which stands at just 16 days. This indicates that homes in Lower Greenville are selling relatively quickly, which is great news for sellers. However, it also means that buyers need to act promptly when they find a property that meets their criteria. So, if you’re in the market for a new home, make sure you have your financing in order and are prepared to make swift decisions.

Finally, let’s talk about the Median Sold Price in Lower Greenville, which currently sits at $835,000. This figure represents the midpoint of all the homes sold in the area, giving us a clear picture of the market’s overall value. It’s important to keep in mind that specific neighborhoods and property types may have different price ranges. So, whether you’re a buyer or a seller, it’s crucial to work with a trusted REALTOR® who can provide you with detailed insights tailored to your specific needs.

In conclusion, the Lower Greenville market in Dallas, Texas, continues to show interesting trends. The increase in Months Supply of Inventory suggests a potential shift, while the List to Sold Price percentage shows strong buyer demand. Homes are selling quickly, with a median of just 16 days on the market, and the Median Sold Price reflects the value of this vibrant community.

Whether you’re looking to buy or sell in Lower Greenville or anywhere else in Dallas, I’m here to guide you through the process with expertise and dedication. Reach out to me at Ebby Halliday REALTORS, and together, let’s make your real estate dreams a reality.