Hello, and welcome to the market update for Preston Hollow in Dallas, Texas. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I’ll be sharing some key data points to help both buyers and sellers stay informed about the current market conditions.
Let’s start with the Months Supply of Inventory, which currently stands at 4.83 months. This means that at the current rate of sales, it would take 4.83 months to sell all the homes on the market. Over the last 12 months, we’ve seen an increase of 85.06% in the Months Supply of Inventory.
Next, the List to Sold Price percentage is at 98.2%, indicating that homes in Preston Hollow are selling very close to their listing price. This is great news for sellers, as it shows strong demand in the market.
The median days on market in Preston Hollow is 26 days, which is relatively low compared to other areas. This means that homes are selling quickly, so buyers need to act fast when they find a property they like.
Lastly, the median sold price in Preston Hollow is $2,450,000. This gives both buyers and sellers an idea of the current pricing trends in the area.
Overall, the market in Preston Hollow remains strong, with high demand and relatively low inventory. Whether you’re looking to buy or sell, it’s important to stay informed about the market conditions to make the best decisions for your real estate goals.
Thank you for watching, and if you have any questions or are interested in buying or selling in Preston Hollow, feel free to reach out to me at the phone number or email address below. Have a great day!
|
|
Marie Sells Dallas 