Hey there, it’s Marie Walton with Ebby Halliday REALTORS, here with your October 2024 market update for Dallas, Texas. Whether you’re a buyer or a seller, I’ve got some important data to share with you today.
Let’s start with inventory. Right now, we have a 4.64 months supply of inventory in Dallas. That means if no new homes were listed, it would take 4.64 months to sell all the current homes on the market. Over the last year, we’ve seen a 25.07% increase in inventory, so there are more options out there for buyers.
Moving on to pricing, the list to sold price percentage is currently at 97.5%. This means that on average, homes are selling for 97.5% of their list price. The median days on market is 41, which is a good indicator of how quickly homes are selling in our area.
And finally, the median sold price in Dallas is $510,000. This gives you an idea of the average price point for homes in our market.
So there you have it, the latest numbers for the Dallas real estate market. Whether you’re thinking of buying or selling, it’s always a good idea to stay informed. If you have any questions or need assistance, feel free to reach out to me at Ebby Halliday REALTORS.
Thanks for stopping in, and I’ll see you next time with more updates. Happy house hunting!
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Marie Sells Dallas 