Hello, and welcome to my market update for January 2025. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in Denton, Texas. Today, I’ll be sharing some key data points that will provide valuable insight for both buyers and sellers in our current market.
Let’s start with the Months Supply of Inventory, which currently stands at 3.79 months. This means that at the current sales pace, it would take approximately 3.79 months to sell all the homes on the market. Over the last 12 months, we’ve seen a significant increase in the Months Supply of Inventory, up by 59.92%.
The Sold to List Price percentage is currently at 97.5%, indicating that homes are generally selling close to their list price. This is important for sellers to keep in mind when pricing their homes.
The median days on market is 67, which means that half of the homes are selling in less than 67 days. This is a key metric for both buyers and sellers to consider when making decisions in this market.
Finally, the median sold price in Denton, Texas is $352,500. This is a useful benchmark for both buyers and sellers to understand the current market trends.
Overall, the market in Denton, Texas remains dynamic and competitive. Buyers and sellers should carefully consider these data points when making real estate decisions. If you have any questions or would like more information, feel free to reach out to me.
Have a great day!
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Marie Sells Dallas 