Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in Dallas, Texas. Today, I’m excited to bring you a market update for May 2024.

Let’s jump into the numbers. Currently, we have a 4.17 Months Supply of Inventory in Dallas. This represents a 51.64% increase over the last 12 months, indicating a shift in the market. We are getting closer to the 6 months that represents a balanced market.

Our List to Sold Price percentage stands at 97.9%, showing that sellers are still able to command strong prices for their properties. The median days on market is 27, indicating that homes are selling relatively quickly in our area.

And finally, the median sold price in Dallas is $569,000. This is a key indicator for both buyers and sellers to understand the current market value of homes in our city.

As a REALTOR®, it’s important for me to keep my clients informed about the latest market trends. Whether you’re looking to buy or sell, knowing this data can help you make informed decisions and navigate the market with confidence.

If you’re thinking about making a move in Dallas, now is a great time to connect with a real estate professional. I have the local expertise and resources to help you achieve your real estate goals in this competitive market.

Thank you for dropping in to this market update. If you have any questions or would like to learn more about the current real estate landscape in Dallas, feel free to reach out to me. I’m here to help. Stay informed, stay empowered, and happy house hunting!