Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in Dallas, Texas. Today, I’m excited to give you a market update on townhomes and condos in Dallas for August 2024.
Currently, we are seeing a 7.1 Months Supply of Inventory in the Dallas market. This number has increased by a significant 125.4% over the past year. What does this mean for buyers and sellers? Well, it indicates a shift towards a more balanced market, providing both buyers and sellers with opportunities.
The List to Sold Price percentage is currently at 95.9%, showing that sellers are still able to secure strong offers on their properties. This is great news for sellers looking to make a move in the current market conditions.
The median days on market is at 45 days, indicating that properties are still moving relatively quickly in the Dallas area. This is important information for buyers who may need to act fast when finding their dream home.
And finally, the median sold price in Dallas is currently at $325,000. This number reflects the continued strength of the market and the value that properties in this area can offer.
Thank you for tuning in to this market update. Whether you’re a buyer or seller, I’m here to help you navigate the Dallas real estate market with confidence. If you have any questions or are ready to make a move, don’t hesitate to reach out to me. Until next time, happy house hunting!
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Marie Sells Dallas 