Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in Old East Dallas. Today, I’m excited to give you a market update for December 2024.
Let’s dive into the data. Currently, we have a 5.58 Months Supply of Inventory in the market. That means if no new homes were listed, it would take 5.58 months to sell all the homes currently on the market. Over the last 12 months, we’ve seen a 21.04% increase in Months Supply of Inventory, which is an important indicator of market trends.
The List to Sold Price percentage is currently at 97.3%, showing that homes are selling close to their list price. This is great news for sellers who are looking to maximize their return on investment.
The median days on market is 59, which means that homes are selling relatively quickly in this area. And the median sold price is $810,000, which gives you an idea of the overall market value in Old East Dallas.
As a REALTOR®, it’s important for me to provide you with accurate data to help you make informed decisions. Whether you’re a buyer or a seller, understanding these market trends can help you navigate the real estate market with confidence.
If you’re thinking about buying a home in Old East Dallas, now is a great time to take advantage of the current market conditions. Reach out to me for more information or to schedule a personalized consultation.
Thank you for dropping and remember, I’m here to help you every step of the way. Stay tuned for more market updates and tips on buying and selling real estate. Have a great day!
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Marie Sells Dallas 