Dallas Area Residental Sales Report – Farmers Branch Condos and Town Homes

Hi, everyone! I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update on condos and town homes for Farmers Branch in December 2024.

Let’s dive into the data! Currently, we have a 8.21 Months Supply of Inventory in Farmers Branch. This means that at the current rate of sales, it would take 8.21 months to sell all the homes on the market. Over the last 12 months, we’ve seen a significant increase of +260.09% in the Months Supply of Inventory, indicating a shift in the market.

The List to Sold Price percentage in the Farmers Branch is at 97.3%. This means that, on average, homes are selling for 97.3% of their listing price. This is a key indicator of the competitiveness of the market and can help buyers and sellers understand pricing trends.

The median days on market in Farmers Branch is 49 days. This is the amount of time it takes for a home to go from being listed to being sold. A lower number of days on market can indicate a strong demand for homes in the area.

Finally, the median Sold Price in Farmers Branch is $477,500. This is the middle point of all the home prices sold in the City, giving you a sense of the overall market value.

I hope this market update has been informative for both buyers and sellers in the Farmers Branch. If you have any questions or are interested in buying or selling a home, feel free to reach out to me. Thank you for watching, and I’ll see you in the next update!