Hey there, folks! Welcome back to my blog. I’m Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday REALTORS. Today, I’ve got an exciting market update for all you buyers and sellers out there in Dallas, Texas.
: So, let’s dive right into it! As of December 2023, we currently have a 3.58 Months Supply of Inventory in Dallas. Now, what does that mean? Well, it indicates how long it would take for all the condos on the market to sell, given the current demand. And let me tell you, folks, that’s a pretty balanced market.
Now, here’s an interesting tidbit. Over the last 12 months, we’ve seen a significant increase of 89.42% in the Months Supply of Inventory. What does this mean for you? Well, it means there are more options available for buyers, giving you a bit more time to make your decision.
Now, let’s talk about the List to Sold Price percentage, which is currently at 97.2%. This is a great indicator for sellers as it shows that condos are selling very close to their asking price. So, if you’re a seller, it’s a fantastic time to put your home on the market and get a fair price for it.
Alright, now let’s talk about the Median days on market, which is currently at 42 days. This means that, on average, it takes about 42 days for a condo to sell in Dallas. It’s not too long, not too short, just about right! So, buyers, you still have time to explore your options, but don’t wait too long, as the market is moving steadily.
And last but not least, let’s discuss the Median Sold Price, which stands at a solid $380,000. This shows a healthy appreciation in condo values, making it a great time for sellers to maximize their return on investment.
So, there you have it, folks! A quick and informative market update for Dallas, Texas. Whether you’re a buyer or a seller, these numbers indicate a balanced and favorable market for both parties.
Marie Walton: If you have any questions about the real estate market or if you’re thinking about buying or selling your condo, don’t hesitate to reach out to me. I’m here to help you navigate the exciting world of real estate in Dallas!
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Marie Sells Dallas 