Hey there, wonderful followers! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday REALTORS, here to give you an exciting market update for Far North Dallas in Dallas, TX. So, grab a cup of coffee and let’s dive right in!

Alright, let’s start with some numbers. As of December 2023, we currently have a 1.84 Months Supply of Inventory. Now, if you’re not familiar with this term, it basically tells us how long it would take for all the homes on the market to be sold, given the current pace of sales. And let me tell you, this is a hot market!

Over the last 12 months, the Months Supply of Inventory has actually decreased by a staggering 2.65%. That means there are even fewer homes available, which is great news for sellers. But don’t worry, buyers, I’ve got some tips for you too!

Now, let’s talk about something that both buyers and sellers are always curious about – the List to Sold Price percentage. In Far North Dallas, we’re currently seeing a fantastic 98.5% List to Sold Price percentage. What does that mean? Well, it means that homes are selling for almost their entire asking price. So, sellers, you can rest assured that you’re getting top dollar for your property!

And for you buyers out there, don’t be discouraged. With my expertise and negotiation skills, we can still find you the perfect home within your budget.

Now, let’s talk about how long it takes for homes to fly off the market. The median days on market in Far North Dallas is just 32 days. That’s right, homes are selling like hotcakes! So, if you’re a seller, this is your chance to make a move and capitalize on this fast-paced market.

And now, the moment you’ve all been waiting for – the median sold price. In Far North Dallas, the median sold price is a jaw-dropping $620,000! The market is booming, and property values are on the rise. So, whether you’re a buyer or a seller, it’s a win-win situation.

Well, folks, that’s all for today’s market update. I hope you found this information helpful and exciting. If you have any questions or are interested in buying or selling in Far North Dallas, feel free to reach out to me at Ebby Halliday REALTORS. I’m here to guide you every step of the way!

Remember, the real estate market is constantly changing, so stay tuned for more updates. Until next time, stay enthusiastic, stay informed, and happy house hunting!