The Kimberly Davis Group - October 2024 | Market Report - KW Legacy by KWPlanoTexas

What’s your home really worth in today’s market?

That's really the question you should be asking yourself.

Our market is incredibly diverse, and rapidly changing. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors’ home is. At the end of the day, it’s the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

We can help...

This Is the Sweet Spot Homebuyers Have Been Waiting For

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.

So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.

As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?

NORTH TEXAS AR

Collin

What's in t data?

The market for d 1,175 closed sale and 16.9% of pro price There was providing a 3.6-m 14 days on the m

The market for c 67 closed sales a 11.9% of propert There were 113 n month supply wi market without p

1,600 New Listings

ntial Homes

1,175 Closed Sales

3.6 Months of Supply

$495K Median Sales Price

16.9% Sold Above List Price

14 Not Price Reduced Days on Market

and Condo/Townhome Residences. Data warranted. ©2024 ChartMaster Services, LLC. All reproduced without the written permission of directed to Keller Williams Legacy. TREC# 2024. Each office is independently owned

New Listing 4.9 Months of Supp 11.9% Sold Above List Pric

*Note: Some historical data not available

Median Sales Price

Detached Residential Homes

The median sales price was $495k as of September 2024

Condos & Townhomes

The median sales price was $385k as of September 2024

*Note: Some historical data not available

Not PR Days On the Market

Detached Residential Homes

There was an average of 14 days on the market, without price reduction, as of September 2024

Condos & Townhomes

There was an average of 18 days on the market, without price reduction, as of September 2024.

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

16 9% of homes sold above their list price in September 2024

Condos & Townhomes

11 9% of homes sold above their list price in September 2024

*Note: Some historical data not available

NORTH TEXAS AREA

Dallas

What's in the data?

The market for detach 1,320 closed sales at and 23.9% of properti price There was a tot providing a 3.8-month 14 days on the marke

The market for condo 237 closed sales at a 20.7% of properties so There were 558 new l month supply with an market without price r

2,154 New Listings

al Homes

1,320 Closed Sales

3.8 Months of Supply

$370K Median Sales Price

23.9% Sold Above List Price

14 Not Price Reduced Days on Market

Sales

Dallas County

SEPTEMBER 2023 - SEPTEMBER 2024

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available