Hey there, it’s Marie Walton from Ebby Halliday REALTORS. Today, I wanted to give you all an update on the current condo and town home real estate market in Preston Hollow.
[5.8 Months Supply of Inventory, +77.91% change over the last 12 months, 94.7% List to Sold Price percentage, 71 Median days on market, and $334,500 Median Sold Price]
: So, let’s break it down. Right now, we’ve got a 5.8 Months Supply of Inventory in Preston Hollow. That’s up almost 78% from this time last year. What does that mean for you as a buyer or seller? Well, it’s still a competitive market, but there’s a bit more inventory to choose from.
The List to Sold Price percentage is holding strong at 94.7%, which means sellers are still getting close to their asking price. And with a median days on market of 71, condos and town homes are selling relatively quickly.
The median sold price in Preston Hollow is currently sitting at $334,500. This gives you an idea of what you can expect to pay or sell your condo or town home for in this area.
Overall, the market in Preston Hollow is still active and competitive. Whether you’re looking to buy or sell, now is a great time to make a move. If you have any questions or need assistance navigating the market, feel free to reach out to me at the phone number or email below. I’ll see you in the next update. Happy condo or town home hunting!
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Marie Sells Dallas 