Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to give you a market update on condos and town homes for October 2024 in Far North Dallas, Texas.
Let’s start with the Months Supply of Inventory, which currently stands at 6 months. This means that at the current rate of sales, it would take 6 months to sell all the condos and town homes on the market. Over the last 12 months, we’ve seen a significant increase of 92.31% in the Months Supply of Inventory, indicating a shift in the market.
Moving on to the List to Sold Price percentage, we’re seeing a strong number of 97.6%. This shows that condos and town homes are generally selling close to their list price, which is good news for both buyers and sellers.
The median days on market is currently at 62 days, which is a fairly average number for our area. This means that condos and town homes are selling within a reasonable amount of time.
And finally, the median Sold Price in Far North Dallas is $275,000. This gives you an idea of the price point you can expect in this market.
So, whether you’re a buyer or a seller, it’s important to stay informed about the market trends in Far North Dallas. If you have any questions or are looking to make a move in the real estate market, feel free to reach out to me at the phone number or email address below. Thanks for stopping by, and I’ll see you next time!
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Marie Sells Dallas 