Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update for August 2024 in North Dallas, Texas.
Currently, we have a 4.2 Months Supply of Inventory in North Dallas. This means that if no new homes were put on the market, it would take 4.2 months to sell all of the current inventory. Over the last 12 months, we’ve seen a 13.21% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.
The List to Sold Price percentage in North Dallas is currently at 98.3%. This means that, on average, homes are selling for 98.3% of their listing price. This is great news for sellers, as it shows that homes are selling close to their asking price.
The median days on market in North Dallas is 31 days. This is a relatively quick turnaround time for homes to sell, indicating a strong demand in the market.
And finally, the median sold price in North Dallas is $1,492,500. This is a significant number and shows the desirability of the North Dallas area.
So there you have it, a market update for August 2024 in North Dallas. Whether you’re a buyer or seller, now is a great time to make a move in this vibrant market. If you have any questions or are interested in buying or selling a home in North Dallas, feel free to reach out to me. Thanks for dropping by!
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Marie Sells Dallas 