Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for Melissa, Texas in November 2024.
Let’s dive into the data. Currently, we have a 3.95 Months Supply of Inventory in Melissa. This means that at the current rate of sales, it would take just under 4 months to sell all the homes on the market. Over the last 12 months, we have seen a significant increase of 65.27% in Months Supply of Inventory, indicating a shifting market trend.
The List to Sold Price percentage in Melissa is currently at 97.8%. This means that on average, homes are selling for just under their list price, showing a balanced market where buyers and sellers have negotiating power.
The median days on market in Melissa is 34, indicating that homes are selling relatively quickly in this area. This is great news for sellers looking to move their properties efficiently.
And finally, the median sold price in Melissa is $500,000. This is a key metric for both buyers and sellers to understand the current market value of homes in this area.
Overall, the market in Melissa, Texas is showing signs of stability with a balanced supply of inventory, strong list to sold price percentage, and relatively quick sales. Whether you’re a buyer or seller, it’s important to stay informed and work with a knowledgeable REALTOR® like myself to navigate the market effectively.
Thank you for stopping by, and if you have any questions or are interested in buying or selling in Melissa, Texas, feel free to reach out to me at 972-816-5197. Have a great day!
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Marie Sells Dallas 