North Dallas Neighborhoods – Preston Hollow

Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to provide you with a market update for Preston Hollow in Dallas, TX as of November 2024.

Let’s dive into the data. Currently, there are 5.95 Months Supply of Inventory in Preston Hollow. This means that at the current pace of sales, it would take approximately 5.95 months to sell all the homes on the market. Over the last 12 months, we’ve seen a significant increase of +65.74% in the Months Supply of Inventory.

The List to Sold Price percentage in Preston Hollow is 95.8%. This means that homes are selling, on average, at 95.8% of their listing price.

The median days on market in Preston Hollow is 27, indicating that homes are selling relatively quickly in this area.

Lastly, the median sold price in Preston Hollow is $1,600,000.

So, what does all this data mean for buyers and sellers in Preston Hollow? Well, with the increase in Months Supply of Inventory, we are seeing a more balanced market compared to previous months. This could potentially provide buyers with more options and less competition.

For sellers, it’s important to price your home competitively and ensure it stands out in the market. The List to Sold Price percentage of 95.8% shows that sellers are still able to negotiate a good price for their homes.

Overall, the real estate market in Preston Hollow remains steady with homes selling at a median price of $1,600,000. Whether you’re a buyer or seller, it’s important to stay informed and work with a knowledgeable REALTOR® to navigate the current market conditions.

Thank you for tunning into this market update. If you have any questions or are looking to buy or sell in Preston Hollow, feel free to reach out to me at the phone number or email address below. Have a great day!