"In December, Dallas experienced a notable 10.6% increase in active listings compared to the same month last year, bringing 3,645 homes to eager buyers. While this rise was slightly below the national average growth of 12.1%, it signaled a vibrant market full of potential. The city also saw 788 new listings, marking a 2.1% increase year-over-year, bucking the national trend of a 1.8% decline. The combination of rising inventory and increased new listings promised sellers an opportune moment to showcase their properties."
"The median listing price in Dallas experienced a modest 1.6% decrease year-over-year, settling at $409,350 in December. This positioned Dallas just above the national median of $399,950, which saw a smaller decrease of 0.6%. The share of price reductions in Dallas was 15.9%, a decrease from the previous year and lower than the national rate of 12.9%. This pattern indicated a market where sellers who strategically adjusted to conditions could capture buyers' attention."
"Homes in Dallas spent a median of 72 days on the market in December, reflecting a 9.2% increase year-over-year. This was slightly shorter than the national median of 73 days, which saw a smaller increase of 5.0%. The extended time on market, coupled with rising inventory, provided sellers with a valuable window to engage potential buyers and negotiate favorable deals."
Dallas experienced a 10.6% increase in active listings year-over-year in December, reaching 3,645 homes, slightly below the national 12.1% growth. New listings rose 2.1% to 788, contrasting with a national 1.8% decline. The median listing price fell 1.6% to $409,350, remaining above the national median of $399,950, which fell 0.6%. Price reductions accounted for 15.9% of listings, down from the previous year and lower than the national 12.9% rate. Homes spent a median 72 days on market, up 9.2% year-over-year and marginally shorter than the national 73-day median. Rising inventory and modest price adjustments created opportunities for sellers to attract buyers and negotiate.
Read at SFGATE
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