Dallas Area Residential Sales Report – Downtown Dallas

Hey there, Dallas! It’s Marie Walton, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS, here to give you the latest market update on condos and townhomes located in Downtown Dallas for August 2024.

Let’s dive right into the numbers, shall we? We currently have a 11.07 Months Supply of Inventory, which has seen a significant increase of 109.26% over the past year. What does this mean for you as a buyer or seller? Well, it’s a competitive market out there, but there are still plenty of opportunities to find your dream home or sell for top dollar.

The List to Sold Price percentage is holding strong at 97.9%, showing that sellers are getting close to their asking price. And with a median of 75 days on the market, homes are selling relatively quickly in this hot market.

Now, let’s talk numbers. The median sold price in downtown Dallas is currently $340,000. Whether you’re a first-time buyer looking for a starter home or a seasoned investor looking to expand your portfolio, there’s something for everyone in this diverse market.

So, whether you’re looking to buy, sell, or just curious about the market trends, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday REALTORS. I’m here to help you navigate the ever-changing real estate landscape in downtown Dallas.

Thanks for tuning in, Dallas! Remember, home is where the heart is, and I’m here to help you find yours. See you next time!