Dallas Area Residential Sales Report – Condos and Townhomes in Far North Dallas

Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I’m excited to bring you a condo and townhome market update for July 2024 for beautiful Far North Dallas, Texas. Whether you’re a buyer or seller, this information is sure to keep you in the know and help you make informed decisions in the real estate market.

Let’s start off with the Months Supply of Inventory, which currently stands at 5.25 months. Over the last 12 months, we’ve seen a significant increase of 135.43% in the Months Supply of Inventory. This means we have more condos and town homes available on the market compared to last year, giving buyers more options to choose from.

Next up, we have the List to Sold Price percentage, which is currently at 97.5%. This shows that condos and townhomes in Far North Dallas are selling at a very competitive rate, with sellers receiving close to their asking price. It’s a great time for sellers to list their homes and potentially get top dollar for their property.

The median days on market in Far North Dallas is 40 days. This means that, on average, condos and townhomes are selling relatively quickly in this area. Buyers should be prepared to act fast when they find a home they love, as the market is moving swiftly.

Lastly, let’s talk about the median sold price, which currently sits at $285,000. This is a strong indicator of the market’s stability and attractiveness to potential buyers. With a competitive list to sold price percentage and reasonable median sold price, Far North Dallas continues to be a desirable location for both buyers and sellers.

And there you have it, folks! That’s your market update for July 2024 in Far North Dallas. Whether you’re looking to buy or sell, now is a great time to make your move in this vibrant real estate market. If you have any questions or need assistance with your real estate needs, don’t hesitate to reach out to me, Marie Walton, at 972-816-5197. Thanks for dropping in, and I’ll see you next time!