Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for September 2024 in Northwest Dallas, TX.

Let’s dive into the numbers. Currently, we have a 6.23 Months Supply of Inventory in the market. This means that if no new listings were added, it would take 6.23 months to sell all the existing homes on the market. Over the last 12 months, we’ve seen a 50.12% increase in Months Supply of Inventory, indicating a shift towards a more balanced market.

Moving on to List to Sold Price percentage, we’re seeing a healthy 96.4% ratio. This means that on average, homes are selling for 96.4% of their listing price. Sellers are still able to negotiate good deals in this market.

Next up, the median days on market is 41 days. Homes are selling relatively quickly, which is great news for sellers looking to move their property efficiently.

And finally, the median Sold Price in Northwest Dallas is currently $720,000. This is a strong indicator of the market’s stability and potential for growth.

Whether you’re a buyer or a seller, it’s important to stay informed about the market trends in your area. If you’re looking to make a move in Northwest Dallas, now could be a great time to take advantage of these favorable conditions.

If you have any questions or are thinking about buying or selling a home, feel free to reach out to me at the phone number or email below. I’m here to help you navigate the real estate market with confidence.

Thank you for watching and I’ll see you in the next update. Happy house hunting!