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Dallas Market Update Snapsot
Average Sales Price
$389,900
Avg Days on Market
$389,900
Sold to List Ratio
$389,900
Active Listings
$389,900
Months of Inventory
$389,900
Seller or Buyer Market
SELLER
Dallas Market Analysis
Homes are selling fast
The average days on market is 34 days. Keep in mind that this average takes into homes that very unique or very expensive, which naturally take longer to sell. The reality is that the best homes are selling very quickly - as in just a few days - and half of all homes sell in 13 days or less! The primary cause of this is very low inventory.
We have low inventory
A balanced real estate market is six months of inventory. DFW has less than one month of inventory. Very high buyer demand – record-breaking numbers of homes are selling – and fewer sellers listing their home for sale have combined for a very low inventory situation. It is a Seller’s Market across all price points.
What it means for sellers
What a great time to sell your home! There are plenty of buyers in the market for your home and fewer competitors. The number of homes sold in December 2020 was 5.6% higher than in December 2019, so demand remains high. Low inventory is also driving up prices; the average sold price is up 12.4% compared to a year ago.
What it means for buyers
Yes, it is a Seller's market, but every day, we are helping buyers find their dream home. Buyers need to get clear on what they want and be prepared to make an offer. That mean’s having your financing ready. Be realistic in your expectations. It’s wise to shop below your maximum price range. With the sold-to-list-price ratio at 97%, Seller’s are basically getting their asking price.
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Recently Listed
Listing 1
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3 Bed 2 Bath
2,995 Sq. Ft.
$345,000
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3 Bed 2 Bath
2,995 Sq. Ft.
$345,000
Learn MoreListing 3
Write a very short description of this property here.
3 Bed 2 Bath
2,995 Sq. Ft.
$345,000
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Just Sold
Listing 1
Write a very short description of this property here.
3 Bed 2 Bath
2,995 Sq. Ft.
$345,000
Learn More
Listing 2
Write a very short description of this property here.
3 Bed 2 Bath
2,995 Sq. Ft.
$345,000
Learn More
Listing 3
Write a very short description of this property here.
3 Bed 2 Bath
2,995 Sq. Ft.