Hello, everyone! My name is Marie Walton, and I am a REALTOR® with Ebby Halliday REALTORS here in beautiful Far North Dallas, Texas. Thank you for joining me today as I provide you with an exciting market update.

As we dive into the data, let’s take a closer look at the current state of the real estate market in our area. As of November 2023, we have a total of 2.84 months supply of inventory. What does this mean for you as a buyer or seller? Well, it indicates a healthy balance between supply and demand, offering opportunities on both sides of the market.

Over the past 12 months, we’ve experienced a 32.09% increase in the Months Supply of Inventory. This upward trend suggests that the market has become slightly more favorable for buyers. However, it’s important to note that this increase is still within a reasonable range, and Far North Dallas continues to be an attractive and sought-after location for potential homeowners.

Now, let’s talk about the List to Sold Price percentage, which currently stands at a remarkable 97.4%. This figure showcases the strength of our market and the ability of sellers to achieve favorable sales prices. If you’re considering selling your property, this data indicates that you have a great chance of receiving a competitive offer.

Moving on to the median days on market, we see that homes in Far North Dallas are spending an average of 34 days on the market. This relatively short timeframe suggests a high level of buyer interest and a competitive environment. If you’re a buyer, it’s crucial to act quickly and be prepared to make strong offers to secure your dream home.

Lastly, let’s discuss the median sold price, which currently stands at an impressive $710,000. This figure reflects the overall value and desirability of properties in Far North Dallas. Whether you’re buying or selling, it’s important to work with a knowledgeable REALTOR® who understands the local market dynamics and can help you navigate the process successfully.

Thank you for joining me today as we explored the latest market update for Far North Dallas. Whether you’re a buyer or seller, the data we’ve discussed showcases the opportunities available and the potential for success in our vibrant real estate market.

If you’re interested in learning more or have any specific questions, please don’t hesitate to reach out to me. I’m here to provide you with the guidance and expertise you need to make informed decisions. Remember, I’m Marie Walton with Ebby Halliday REALTORS, and I’m always ready to help you achieve your real estate goals.

Until next time, take care, and happy house hunting!