Hey everyone, Marie here with Ebby Halliday REALTORS, bringing you the latest market update for December 2024. Whether you’re a buyer or seller, it’s always good to stay informed on what’s happening in the real estate market. So, let’s dive into the data!

Currently in Dallas County, we have a 3.77 Months Supply of condo and town home inventory. That means 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.

Next up, the List to Sold Price percentage is at 98.3%. This tells us that on average, condos and town homes are selling for 98.3% of their list price.

The median days on market is 49, which is a great indicator of how quickly homes are selling in our area.

And finally, the median sold price in Dallas County is $369,000.

So, whether you’re thinking about buying or selling, these numbers give you a good idea of what to expect in the market right now. Remember, it’s always best to consult with a real estate professional for personalized advice based on your specific situation.

Thanks for stopping in, and until next time, happy house hunting!