Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS I want to give you a market update for July 2024 in Uptown Dallas.
Currently, we have a 4.28 Months Supply of Inventory in Uptown Dallas. This means that if no new homes were listed, it would take just over four months to sell all the homes on the market. Over the last 12 months, we’ve seen an increase of 81.36% in Months Supply of Inventory, indicating a shifting market. 6 months is considered a balanced market.
Our List to Sold Price percentage is at 98.4%, showing that sellers are still able to get a strong price for their homes in this market. The median days on market is 37, which is relatively quick compared to other areas.
The median sold price in Uptown Dallas is currently $624,000. This number gives us a good indication of the overall market value in this area.
So, whether you’re a buyer or a seller, it’s important to stay informed about the current market conditions. If you’re looking to buy or sell in Uptown Dallas, I would love to help you navigate this market. Feel free to reach out to me at 972-816-5197 for all your real estate needs.
Thank you for dropping in, and I’ll see you in the next update.
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Marie Sells Dallas 