Down here the house matters less than what’s within a four-block radius, and buyers who understand that early stop comparing square footage and start comparing streets. A tower unit in Victory Park and a restored bungalow off a Bishop Arts side street cost similar money and deliver nothing alike. One gives you a lock-and-leave with a skyline view, the other gives you a front porch and a neighborhood that has been there a century.
Dallas Urban Core
Five districts. Filter to yours.
Down here the block matters more than the house. Tap what matters to you and the rest will drop away.
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Bobby Franklin, REALTOR® · Legacy Realty Group – Leslie Majors Team · northtexasmarketinsider.com
Dallas Urban Core
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Market Snapshot
The Dallas Urban Core Housing Market
The four interactive charts below pull live from NTREIS, the same MLS data agents use. Texas is a non-disclosure state, which means most national sites are estimating what these homes actually sold for. These are not estimates. Hover any chart to see the numbers month by month, going back several years.
Median Sales Price
What Homes Actually Sold For
What buyers actually paid, not what sellers hoped to get. Median finds the exact middle of the range, so one outlier sale cannot distort the picture. Sellers: a rising median signals real demand. Buyers: the gap between list and sale price tells you who holds the leverage. The chart below tracks it month by month.
Chart: Median sales price in the Dallas Urban Core, tracked monthly. Source: NTREIS MLS.
Days On Market
How Fast Homes Are Moving
How long a home sits before going under contract. Under thirty days means multiple offers are common. Over sixty means buyers are selective. Sellers: this sets expectations before you list. Buyers: it tells you whether to decide fast or take your time. The chart below shows the trend.
Chart: Median days on market in the Dallas Urban Core, tracked monthly. Source: NTREIS MLS.
Shows To Pending
How Many Buyers Walked Through
Showings before a home went under contract, and almost nobody publishes it. Sellers: this is the early warning system. If the area averages eight showings and yours has had fifteen with no offer, the problem is price or presentation. Buyers: a high number means you can be selective. See the chart below.
Chart: Median showings before a home goes pending in the Dallas Urban Core, tracked monthly. Source: NTREIS MLS.
Percent Of Original Price
Who Is Winning The Negotiation
Final sale price against the original list price, before any reductions. The most honest number here, because it catches the price cuts days on market hides. Sellers: the argument for pricing right the first time. Buyers: how much room your offer actually has. The chart below tracks it.
Chart: Percent of original list price received in the Dallas Urban Core, tracked monthly. Source: NTREIS MLS.
All four charts update automatically from NTREIS as new sales close. Questions about what any of this means for your situation? Call 214-228-0003.
Bobby Franklin, REALTOR® · Legacy Realty Group – Leslie Majors Team · northtexasmarketinsider.com
Bobby Franklin
Realtor®
Serving DFW | Ellis County 16 Northgate Dr. Ste 100
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