Hello, everyone! I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in the vibrant city of Dallas, Texas. Today, I want to provide you with an update on the current condo and townhome market in our area as of May 2024.

Let’s dive right in. As of now, we have a 5.95 Months Supply of Inventory in Dallas. This means that at the current pace of sales, it would take approximately 5.95 months to sell all the homes on the market. Over the last 12-months, the Months Supply of Inventory has increased by +142.86%, indicating a shift in the market dynamics.

The List to Sold Price percentage in Dallas is currently at 97.5%, showing that sellers are able to negotiate slightly below their listing price. This is important information for both buyers and sellers to keep in mind when making or accepting offers.

The median days on market in Dallas is 35, which means that on average, condos and townhomes are selling relatively quickly. This could be attributed to the high demand for housing in our city.

Lastly, the median Sold Price in Dallas is $408,500. This is a key indicator of the overall health and affordability of the housing market in our area.

As a REALTOR® with years of experience in the Dallas real estate market, I can help guide you through these trends and provide you with the expertise you need to make informed decisions.

Whether you’re looking to buy or sell a condo or townhome in Dallas, now is a great time to make a move. Reach out to me at Ebby Halliday REALTORS for personalized assistance tailored to your specific needs.

Thank you for dropping in, and remember, I’m here to help you navigate the Dallas real estate market with confidence. Stay tuned for more updates and tips from me, Marie Walton. Have a great day!