Hi there, it’s Marie Walton from Ebby Halliday REALTORS. Today, I’m bringing you a market update for the Prestonwood neighborhood in Dallas, Texas. Whether you’re a buyer or a seller, this information is crucial for you to make informed decisions in this competitive market.
Let’s dive into the numbers. Currently, there is a 3.6 Months Supply of Inventory in Prestonwood. That means there are enough homes on the market to last 3.6 months at the current pace of sales. Over the last 12 months, we’ve seen a significant increase in Months Supply of Inventory, up by +236.45%. This could indicate a shift in the market, so it’s important to stay informed.
The List to Sold Price percentage in Prestonwood is 95.6%. This shows that homes are selling close to their asking price, which is great news for sellers. If you’re thinking of listing your home, now might be the perfect time to capitalize on this strong market.
The median days on market in Prestonwood is 37, which means homes are selling relatively quickly. Buyers should be prepared to act fast and make competitive offers in order to secure their dream home in this desirable neighborhood.
Lastly, the median sold price in Prestonwood is $565,000. This gives you a good idea of the current market value of homes in the area. Whether you’re looking to buy or sell, knowing this information can help you make the best decisions for your real estate goals.
Thank you for dropping by this market update. If you have any questions or are interested in buying or selling in Prestonwood, don’t hesitate to reach out to me. Stay informed, stay proactive, and let’s make your real estate dreams a reality. See you next time!
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Marie Sells Dallas 