Dallas Area Residential Sales Report – Dallas Condos and Townhomes

Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I have some exciting market updates on Condos and Town Homes for all you Buyers and Sellers out there in the Dallas area.

Let’s dive right into the numbers. Currently, we have a 6.8 Months Supply of Inventory in Dallas. That means there are enough homes on the market to last for 6.8 months at the current sales pace. Over the last 12 months, we’ve seen a 75.71% increase in Months Supply of Inventory.

When it comes to List to Sold Price percentage, we’re looking at a solid 96.5%. This means that condos and town homes are typically selling for about 96.5% of their list price here in Dallas.

The median days on market is sitting at 46 days. That’s the average amount of time it takes for a home to go from listing to sold here in Dallas.

And finally, the median sold price in Dallas is currently $356,500. That’s the midpoint price of all condos and town homes sold in the area.

So, there you have it, folks! Some key data points to keep in mind if you’re in the market to buy or sell a condo or town home in Dallas. Remember, these numbers are just a snapshot of the market, so be sure to reach out to me for a more personalized analysis.

Thanks for stopping in, and as always, happy house hunting!