Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to give you an update on the current condo and town home market here in Addison, Texas.
As of October 2024, we have a 6.6 Months Supply of Inventory in Addison. This means that at the current sales pace, it would take 6.6 months to sell all the condos and town homes on the market. Over the last 12 months, we’ve seen a significant increase in Months Supply of Inventory, up by 158.82%.
The List to Sold Price percentage is currently at 96.9%. This means that on average, condos and town homes in Addison are selling for 96.9% of their list price.
The median days on market in Addison is 27 days. This is the amount of time it takes for a condo or town home to go from being listed on the market to being sold.
And finally, the median sold price in Addison is $665,000. This is the midpoint price of all the condos and town homes sold in the area.
These are just a few key data points to keep in mind when considering buying or selling a condo or town home in Addison. As always, it’s important to consult with a qualified REALTOR® like myself to get a more detailed analysis of the market and how it may affect your specific situation.
Thank you for stopping by, and if you have any questions or are interested in buying or selling a condo or town home in Addison, feel free to reach out to me. I’m here to help.
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Marie Sells Dallas 