Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I wanted to give you all a quick market update for November 2024 here in Uptown Dallas.
Let’s dive right into the data, shall we? Currently, we are looking at a 4.05 Months Supply of Inventory in the area. What does that mean? Well, it means that if no new homes were listed, it would take about 4.05 months to sell out all the homes currently on the market.
Over the last 12 months, we’ve seen a slight increase of 0.75% in the Months Supply of Inventory. This is something to keep an eye on as it can indicate shifts in the market.
Now, let’s talk about List to Sold Price percentage. It’s currently sitting at 100.5%, which is great news for sellers. This percentage tells us that, on average, homes are selling for 0.5% above their listing price.
The median days on market is 36, which means that homes are selling relatively quickly in Uptown Dallas. And last but not least, the median sold price is $495,000.
So, what does all this data mean for you as a buyer or seller? Well, it’s important to stay informed about market trends so you can make the best decisions for your real estate goals. Whether you’re looking to buy or sell, now might be a good time to consider your options.
If you have any questions or need assistance navigating the Uptown Dallas real estate market, feel free to reach out to me at the phone number or email address below. I’m here to help you every step of the way.
Thanks for dropping in, and I’ll see you in the next market update! Happy house hunting, everyone!
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Marie Sells Dallas 