Hello everyone, I’m Marie Walton from Ebby Halliday REALTORS, and I’m here to bring you the latest market update for Northwest Dallas in November 2024.
Let’s dive into the data. Currently, we have a 4.68 Months Supply of Inventory in Northwest Dallas. This means that if no new homes were to come on the market, it would take 4.68 months to sell all the existing homes. Over the last 12 months, we’ve seen a slight increase of 3.54% in the Months Supply of Inventory.
The List to Sold Price percentage is currently at 97.3%. This means that on average, homes are selling for 97.3% of their list price. This is a good indicator of the health of the market.
The median days on market in Northwest Dallas is 34 days. This is the amount of time it takes for a home to go from being listed to being sold. With a median of 34 days, homes are selling relatively quickly in this area.
Lastly, the Median Sold Price in Northwest Dallas is $1,125,000. This is the midpoint of all the sales prices in the area. It’s important to note that this is just a median, and individual home prices can vary.
Overall, the market in Northwest Dallas is showing stability and consistency. Buyers and sellers can use this data to make informed decisions about their real estate transactions.
Thank you for stopping by to this market update. If you have any questions or are interested in buying or selling in Northwest Dallas, feel free to reach out to me at the phone number or email address below. Have a great day!
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Marie Sells Dallas 