Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update for June 2024 in the Prestonwood area of Dallas, TX.

Currently, there is a 3.4 months supply of inventory in Prestonwood. This means that if no new homes were listed, it would take 3.4 months to sell all existing homes on the market. Over the last 12 months, we have seen a significant increase of 155.64% in the Months Supply of Inventory.

The List to Sold Price percentage in Prestonwood is at a strong 98.4%, showing that homes are selling close to their list price.

The median days on market in Prestonwood is just 15 days, indicating that homes are selling quickly in this area.

The median sold price in Prestonwood is $655,300, making it a desirable and sought-after location for buyers and sellers alike.

If you are looking to buy or sell a home in Prestonwood or the greater Dallas area, please don’t hesitate to reach out to me. I would be happy to help you navigate the current market trends and make the best decisions for your real estate needs.