Dallas Area Residential Sales Report for November – Denton County

Hello, everyone! This is Marie Walton, your trusted REALTOR® from Ebby Halliday REALTORS, bringing you the latest market update for Denton County, Texas. Today, we’ll be discussing the current real estate trends and statistics that will surely keep both buyers and sellers engaged and interested. So, let’s dive right in!

As of November 2023, Denton County has been experiencing a balanced real estate market, offering opportunities for both buyers and sellers. Currently, we have a 2.72 Months Supply of Inventory, indicating a healthy market equilibrium. And here’s some great news for sellers: over the past 12 months, the Months Supply of Inventory has decreased by a significant 10.53%. This means that demand is high, and properties are moving off the market faster than before.

Now, let’s talk about the List to Sold Price percentage. In Denton County, sellers are receiving an impressive 97.7% of their listed price. This indicates that buyers are willing to pay close to the asking price, highlighting the competitiveness of the market. Sellers can take advantage of this favorable situation, ensuring they receive a fair value for their properties.

Another important factor to consider is the median days on market, which currently stands at 35 days. This means that, on average, properties are selling within just over a month. With such a short time frame, buyers need to act quickly if they find a home they love. On the other hand, sellers can expect a prompt sale if their property is priced competitively and presented well to potential buyers.

Now, let’s talk numbers. The median sold price in Denton County is currently at an impressive $463,499. This indicates a healthy and thriving real estate market, with increasing property values. For sellers, this means the potential for a higher return on investment, while buyers may need to be strategic in their offers to secure their dream home.

As a REALTOR® with years of experience , I am here to guide you through this dynamic market. Whether you are a buyer looking for your dream home or a seller aiming to maximize your property’s value, I have the expertise and resources to assist you every step of the way.

So, if you’re ready to seize the opportunities in Denton County’s real estate market, I encourage you to reach out to me at Ebby Halliday REALTORS. Together, let’s navigate this exciting market and achieve your real estate goals.

Thank you for dropping in, and remember, with Marie Walton and Ebby Halliday REALTORS, your real estate dreams can become a reality. Stay tuned for more updates, tips, and insights on the Denton County market. Until next time!