Dallas Area Residential Sales Report for November – Dallas County

Hey there, everyone! Welcome back to my blog. I’m Marie Walton, your friendly neighborhood REALTOR®, and today I have an exciting market update for all you buyers and sellers out there in Dallas County, Texas. So grab a cup of coffee, sit back, and let’s dive right into it!

Before we get into the nitty-gritty, let’s talk about the current state of the market. As of November 2023, we have a total of 3 Months Supply of Inventory in Dallas County. What does this mean for you? Well, it means that we’re still experiencing a seller’s market, where demand exceeds supply. So, sellers, now is a great time to put your properties on the market!

Now, let’s take a look at the trend over the past year. We’ve seen a 20% increase in Months Supply of Inventory, which indicates that the market is becoming slightly more balanced. This is good news for buyers, as it means you may have more options to choose from and potentially negotiate better deals.

Moving on, let’s talk about List to Sold Price percentage. In Dallas County, we have an impressive 99.5% List to Sold Price percentage. This tells us that sellers are getting very close to their asking price, which is fantastic news for anyone looking to sell their home.

Now, how long does it take to sell a property in Dallas County? Well, the median days on market currently stands at 32 days. This indicates that the market is still moving quickly, so both buyers and sellers need to act fast to secure their dream homes or make a successful sale.

And finally, let’s talk about the Median Sold Price. In Dallas County, the median sold price is currently sitting at a healthy $371,000. This is a strong indication of the overall value and attractiveness of the local real estate market.

So there you have it, folks! A quick market update for November 2023 in Dallas County, Texas. Whether you’re a buyer or a seller, it’s essential to stay informed about the latest trends and statistics. If you have any questions or need assistance navigating the market, don’t hesitate to reach out to me at Ebby Halliday REALTORS.I’m here to help you achieve your real estate goals.

Thanks for tuning in today. Remember to like this blog, subscribe to it for more updates like this, and I’ll see you next time. Happy house hunting, everyone!