Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in North Dallas. Today, I want to give you all a market update for May 2024.

Let’s start with the Months Supply of Inventory. Currently, we have a 4.59 months supply of inventory in North Dallas. Over the last 12 months, we’ve seen an increase of 49.51% in the Months Supply of Inventory. This means that there are more homes available on the market compared to last year.

Next, let’s talk about the List to Sold Price percentage, which is currently at 98.4%. This means that on average, homes in North Dallas are selling for 98.4% of their listing price. Sellers, this is great news for you as it shows that homes are selling close to their asking price.

The median days on market in North Dallas is 24 days. This is a good indicator of how quickly homes are selling in the area. Buyers, you’ll want to act fast when you find a home you love to avoid missing out.]

And finally, the median sold price in North Dallas is $2,137,500. This is the midpoint price of homes sold in the area. It’s important to keep in mind that this is just a median, and prices can vary depending on the location and condition of the home.

That’s all for today’s market update. If you’re thinking about buying or selling in North Dallas, feel free to reach out to me for personalized assistance. Thanks ford dropping by, and I’ll see you next time!