Hello, everyone! I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for December 2024 in Dallas County, Texas. Whether you’re a buyer or seller, this information is crucial for making informed decisions in the real estate market.

Let’s dive into the data. Currently, we have a 3.77 Months Supply of Inventory in Dallas County. This means that if no new homes were listed, it would take 3.77 months to sell all the homes on the market. Over the last 12 months, we’ve seen a 34.16% increase in Months Supply of Inventory, which is something both buyers and sellers should take note of.

The List to Sold Price percentage is currently at 98.3%, indicating that homes are selling very close to their list price. This is great news for sellers, as it shows strong demand in the market.

The median days on market is 49, which means that on average, it takes about 49 days for a home to sell in Dallas County. This is important for buyers to keep in mind when making offers on properties.

Finally, the median sold price in Dallas County is $369,000. This is a key indicator of the overall health of the market and can help both buyers and sellers determine their pricing strategy.

Thank you for dropping in to this market update. If you have any questions or are looking to buy or sell in the Dallas County area, feel free to reach out to me at the phone number or email address below. Stay informed, stay engaged, and happy house hunting!