Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to give you a market update for January 2024 in Dallas, Texas.

Let’s dive into the numbers. Currently, there are 3.02 Months Supply of Inventory in Dallas. This means that at the current rate of sales, it would take just over 3 months to sell all the homes on the market. Over the last 12 months, the Months Supply of Inventory has increased by 25.83%, indicating a slight shift towards a more balanced market.

The List to Sold Price percentage is sitting at a strong 96.6%. This means that on average, homes in Dallas are selling for 96.6% of their listing price. Sellers can feel confident that they are getting a fair price for their homes in this market.

The median days on market is 43, which is a good indicator of the level of demand in the Dallas housing market. Homes are selling relatively quickly, so buyers should be prepared to act fast when they find a home they love.

And finally, the median sold price in Dallas is $405,000. This is a strong number that reflects the overall health of the Dallas housing market.

Marie Walton: So there you have it, a snapshot of the current market conditions in Dallas. Whether you’re a buyer or a seller, now is a great time to make a move in this vibrant city. If you have any questions or are ready to make a move, feel free to reach out to me at Ebby Halliday REALTORS. Thanks for dropping in!