The real estate market is currently experiencing a healthy balance between supply and demand, with a Months Supply of Inventory at 4.15. This indicates that there are enough homes available for sale to meet the current level of buyer demand.
The 12-Month Change in Months of Inventory has increased by +35.62%, suggesting that the market may be shifting towards a slightly more buyer-friendly environment. This could mean that there are more homes available for sale compared to the previous year.
Despite this increase in inventory, the Median Days Homes are On the Market is 52, which indicates that homes are still selling relatively quickly. This could be due to the high level of buyer interest in the market.
The Sold to List Price Percentage is at a strong 99.4%, indicating that homes are typically selling very close to their asking price. This could be a sign of a competitive market where sellers are able to command strong prices for their homes.
The Median Sold Price of $415,000 is a healthy indicator of the overall strength of the market. This suggests that home values are holding steady and that there is strong demand from buyers.
Overall, these metrics paint a picture of a balanced and competitive real estate market, with strong demand from buyers and relatively quick sales. Sellers can expect to see strong prices for their homes, while buyers may need to act quickly to secure a property in this competitive environment.
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Marie Sells Dallas 