Hey there, Buyers and Sellers! Let’s dive into some key real estate metrics that will give you a better understanding of the current market trends in the Greenway Parks neighborhood of Dallas.

First up, we have the Months Supply of Inventory, which is sitting at 7.07. This number represents how long it would take to sell all the current homes on the market at the current pace of sales. A lower number typically indicates a seller’s market, where demand is high and supply is low.

Next, we have the 12-Month Change in Months of Inventory, which is showing a decrease of -1.81%. This means that inventory levels have been decreasing over the past year, potentially leading to increased competition among buyers.

The Median Days Homes are On the Market is a mere 10 days, indicating that homes are selling quickly in this market. This quick turnaround time could be attributed to high demand and limited inventory.

When it comes to List to Sold Price Percentage, we’re seeing a strong 97.7%. This means that sellers are, on average, receiving almost full asking price for their homes. This is great news for sellers looking to maximize their return on investment.

Lastly, the Median Sold Price for homes in this market is $1,695,000. This figure gives you an idea of the average selling price for homes in the area, which can help both buyers and sellers set realistic expectations.

Overall, these metrics paint a picture of a competitive market with high demand and limited inventory. Sellers are seeing quick sales at close to asking price, while buyers may need to act fast and be prepared to make competitive offers. It’s important to stay informed and work with a knowledgeable real estate professional to navigate these market conditions successfully. Happy buying and selling!