Market Trends for Denison TX, October 2024

We all want to know what’s happening with the real estate market in our hometown. Here is the latest for Denison, TX, October 2024.

What this means for Denison real estate

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  Let’s start by looking at the month’s inventory supply, which is currently at 6.99. Given the current sales rate, this metric tells us how long it would take for all the current homes on the market to be sold. A lower number indicates a seller’s market, while a higher number indicates a buyer’s market.

• Next, consider the 12-month Change in Months of Inventory, which has increased by +57.79%. This significant increase suggests that more homes are available on the market than the previous year, which could benefit buyers looking for more options.

• The Median number of Days Homes are on the Market is 59, indicating that homes are selling relatively quickly in this market. This is good news for sellers who want to make a timely sale.

• The List-to-Sold Price Percentage is 97.6%, which means that homes are selling for 97.6% of their list price on average. This high percentage suggests that sellers are getting close to their asking price, which is a positive sign for sellers.

• Lastly, the Median Sold Price is $262,000, providing buyers and sellers with a benchmark for the current market value of homes in this area.

The Bottom Line

Overall, the data for Denison TX indicates a balanced real estate market with a moderate supply of inventory, homes selling relatively quickly, and sellers achieving close to their asking price. This information can help buyers and sellers make informed decisions when navigating the real estate market.

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