Dallas Area Residential Sales Report – Far North Dallas

Hey there, everyone! Marie Walton here with Ebby Halliday REALTORS, bringing you a market update for October 2024 in Far North Dallas, Texas. Whether you’re looking to buy or sell, I’ve got some key data points that you’ll want to know about.

Let’s jump right in. Currently, we have a 4.22 Months Supply of Inventory in the area. That’s up by 56.3% compared to the last 12 months. What does this mean for you as a buyer or seller? Well, it’s important to keep an eye on inventory levels as they can impact pricing and competition in the market.

Next up, we have the List to Sold Price percentage, which is sitting at 98.2%. This number gives us a good idea of how close homes are selling to their listing price. Sellers, this is a great indicator of market demand and pricing trends.

Now, let’s talk about the Median days on market, which is 42. This is the average number of days it takes for a home to sell once it’s listed. Buyers, a lower number here could mean you’ll need to act quickly when you find a home you love.

And finally, the Median Sold Price in Far North Dallas is currently $625,000. This number represents the midpoint of all home sales in the area, giving you an idea of the market’s overall pricing trends.

So, whether you’re looking to buy or sell, it’s always a good idea to stay informed and up-to-date on the latest market data. If you have any questions or need assistance navigating the real estate market, feel free to reach out to me at the phone number or email address beloe.

Thanks for stopping by, and I’ll see you in the next update! Happy house hunting!