Hello, and welcome to my condo and townhome market update for North Dallas in August 2024. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m excited to share with you some key insights into the current real estate market in this thriving city.
Currently, we have a 7.32 Months Supply of Inventory in North Dallas. This represents a significant increase of 182.63% compared to the last 12 months. What does this mean for buyers and sellers? Well, with more inventory available, buyers have more options to choose from, while sellers may need to be strategic in pricing their homes competitively.
The List to Sold Price percentage is currently at 97.1%, indicating a strong market where homes are selling close to their list price. This is great news for sellers who are looking to maximize their returns on investment.
The median days on market in North Dallas is 36, showing that condos and townhomes are selling relatively quickly in this area. This means that buyers need to act fast when they find a property they love, as competition can be fierce.
The median sold price in North Dallas is $410,000, reflecting a healthy and stable market. Whether you’re looking to buy or sell, it’s important to work with a knowledgeable REALTOR® who can help you navigate the complexities of the market and achieve your real estate goals.
Thank you for joining me for this market update. If you have any questions or are interested in buying or selling a condo or townhome in North Dallas, don’t hesitate to reach out to me. I’m here to help you every step of the way. Stay tuned for more updates and tips on navigating the real estate market. Thank you and have a great day!
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Marie Sells Dallas 