Dallas Area Residential Sales Report – Addison Condos and Townhomes

Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I am here to give you a market update on condos and townhomes for July 2024 in the beautiful city of Addison, Texas. So, whether you’re a buyer, a seller, or just someone who loves to stay in the know, this video is for you!

Let’s jump right into the numbers, shall we? Currently, we have a 3.13 Months Supply of Inventory in Addison. What does that mean for you? Well, it means that there is still a demand for homes in this area, making it a great time to buy or sell. 6 months is considered a balanced market.

Over the last 12 months, we have seen a +4.33% increase in Months Supply of Inventory. This shows us that the market is steadily growing and evolving, offering opportunities for both buyers and sellers.

Now, let’s talk about the List to Sold Price percentage, which is at an impressive 99% in Addison. This means that homes are selling close to or over their listing price, giving sellers confidence in the market.

The median days on market in Addison is 44, showing us that homes are moving quickly in this area. So, if you’re looking to buy, don’t wait too long to make an offer!

And finally, the median Sold Price in Addison is $460,000. This gives us a good idea of the current market value of homes in the area.

So, whether you’re looking to buy, sell, or just curious about the real estate market in Addison, now is a great time to get involved. If you have any questions or need assistance, feel free to reach out to me at 972-816-5197. I am here to help you every step of the way.

Thanks, and until next time, happy house hunting!