Hey there, everyone! Marie Walton here from Ebby Halliday REALTORS. Today, I’m coming to you with a market update on Condo and Town Home sales for September 2024 in Addison, Texas.
Let’s dive right into the numbers, shall we? Currently, we have a 5.31 Months Supply of Inventory in the market. This means that if no new homes were listed, it would take about 5.31 months to sell all the condos and town homes currently on the market. And over the last 12 months, we’ve seen a 60.91% increase in Months Supply of Inventory.
Now, let’s talk about List to Sold Price percentage. It’s currently sitting at a solid 98.8%, which is a great indicator for both buyers and sellers in the market.
When it comes to the median days on market, condos and town homes in Addison are selling pretty quickly at 43 days. So, if you’re thinking about listing your home, now might be a good time to do so.
And last but not least, the median sold price in Addison is $522,250. This is a helpful number to keep in mind whether you’re looking to buy or sell in the area.
So, there you have it! That’s your market update for September 2024 in Addison, Texas. If you have any questions or are interested in buying or selling a home in the area, feel free to reach out to me at the phone number or email below I’ll see you next time!
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Marie Sells Dallas 