Marie Walton: Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you a market update for July 2024 in the Northwood Hills area of Dallas, Texas.
Currently, we have a 4.26 Months Supply of Inventory in Northwood Hills . This means that at the current rate of sales, it would take 4.26 months to sell all the homes on the market. Over the last 12 months, the Months Supply of Inventory has increased by a significant 70.4%.
The List to Sold Price percentage in this area is 89.8%. This indicates that homes are selling for approximately 89.8% of their listing price.
The median days on market for homes in Northwood Hills is 31 days. This means that half of the homes are selling in less than 31 days, while the other half are taking longer to sell.
And finally, the median sold price for homes in this area is $1,317,500. This gives you an idea of the average selling price for homes in Northwood Hills.
In conclusion, the market in Northwood Hills is showing signs of a slight increase in inventory, but homes are still selling relatively quickly and for a good percentage of their listing price. If you’re considering buying or selling in this area, now is a great time to make your move.
Thank you for watching, and if you have any questions or would like more information, feel free to reach out to me at 072-816-5197. Have a great day!
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Marie Sells Dallas 