Hello everyone, and welcome back to another market update with me, Marie Walton, your local REALTOR® with Ebby Halliday REALTORS. Today, I’m here to bring you the latest data for the real estate market in Denton, Texas, as of September 2024.
Let’s dive right in! Currently, we have a 4.09 Months Supply of Inventory in Denton. This means that if no new homes were listed, it would take just over 4 months to sell all the homes currently on the market. Over the last 12 months, we’ve seen a 50.92% increase in Months Supply of Inventory, which is an important trend to keep an eye on.
Next, let’s talk about List to Sold Price percentage. In Denton, homes are selling for an average of 98.7% of their list price. This indicates a strong seller’s market, where buyers may need to be prepared to make competitive offers.
When it comes to how quickly homes are selling, the median days on market in Denton is 40 days. This is a key metric for both buyers and sellers to consider when entering the market.
And finally, the median Sold Price in Denton is currently $385,000. This is a snapshot of the average price of homes that have sold in the area recently.
So there you have it, the latest data for the real estate market in Denton, Texas. Whether you’re a buyer or a seller, understanding these trends can help you make informed decisions in this dynamic market.
If you have any questions or if you’re ready to make a move, don’t hesitate to reach out to me, Marie Walton, at 972-816-5197. I’m here to help you navigate the real estate process with confidence.
Thank you for tuning in, and I’ll see you next time for another market update. Happy house hunting!
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Marie Sells Dallas 