Dallas Condos And Townhome Sales in June

Hello everyone, and welcome back. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you the latest market update for June 2024 in Dallas, Texas. Today we will report on Condo and townhome sale in Dallas.

Let’s jump right in to the numbers. Currently, we have a 6.47 Months Supply of Inventory in Dallas. This means that at the current rate of sales, it would take approximately 6.47 months to sell all the homes on the market.

Over the last 12 months, we’ve seen a significant increase in Months Supply of Inventory, with a whopping 141.42% rise. This can indicate a shift in the market, so it’s important for both buyers and sellers to stay informed.

The List to Sold Price percentage is currently at 97.2% in Dallas. This tells us that, on average, homes are selling for 97.2% of their listing price. This is a strong indicator of a competitive market.

The median days on market is 41, showing that homes are selling relatively quickly in Dallas. If you’re a seller, this is great news as it means your home may not sit on the market for long.

And finally, the median Sold Price in Dallas is $275,000. This gives buyers and sellers a good idea of the current market value of homes in the area.

As always, it’s important to consult with a REALTOR® for personalized advice based on your specific situation. If you’re looking to buy or sell in Dallas, feel free to reach out to me at Ebby Halliday REALTORS for expert guidance.

Thanks for dropping in to this market update. Don’t forget to like, share, and subscribe for more real estate tips and information. Until next time, happy house hunting!