Monday, November 9, 2009

Denton, TX Real Estate Market Update

Denton TX homes for sale market has seen changes over the past year. For example, the average days on market is up in October 09 vs October 08 by 9%. It now takes on average about 4 month to sell a single family home in Denton vs. 2.5 months a year ago.
However, fewer home owners are selling their homes. This is reflected in the 43% drop in average months supply of homes for sale inventory in Denton. We are seeing about 5.2 months of supply of inventory today vs. 9.7 a year ago - in October of 2008. Another interesting stats is the number of homes under contract is up 54% since October 2008! 94 homes in Denton are currently under contract! If you need more information or ready to put your home on the market - give me a call and I will prepare a Comprehensive Custom Market Analysis for your Property!

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