Hey there, homebuyers and sellers! It’s Marie Walton here with Ebby Halliday REALTORS, bringing you the latest market update for downtown Dallas in May 2024.

So, let’s get started! Currently, we have a 11.45 Months Supply of Inventory in downtown Dallas. That’s up +179.27% over the last 12 months. What does that mean for you? Well, it means there’s plenty of options out there for buyers, but sellers may need to be a bit more strategic in their pricing and marketing.

Speaking of pricing, the List to Sold Price percentage is sitting at a solid 97.6%. That’s a great sign for sellers, showing that homes are selling close to their asking price.

If you’re looking to buy or sell, you’ll be happy to know that the median days on market is 60. That’s a good indicator of the pace of the market and how quickly homes are moving.

And finally, the median sold price in downtown Dallas is $760,000. That’s a healthy number, showing that the market is strong and homes are holding their value.

So, whether you’re buying or selling in downtown Dallas, now is a great time to make a move. If you have any questions or are ready to get started, don’t hesitate to reach out to me at 972-816-5197. I’m here to help you navigate the market and find your dream home.

Thanks for dropping by, and happy house hunting!