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Addison Real Estate Market Conditions – October 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales increased more than 44% in October and market times decreased more than 52%.

Addison Home Sales

Addison single family home sales increased 44% in October with 36 home sales compared to last year at the same time when there were 25. Condo and townhome sales increased 100% with 16 closing this year compared to 8 closings last year the same time.

Addison Real Estate Market Conditions - October 2020

Addison Market Times

Addison single family home market times decreased during October. Single family homes were on the market for an average of 35 days, compared to 74 days last year at the same time, a 52.7% decrease. Condo/townhome market times decreased 29.4%. This year the average market time was 24 days compared to 34 days last year.

Addison Real Estate Market Conditions - October 2020

Addison New Listings

During October, 36 single family homes were listed for sale in Addison, that’s a decrease of 25% compared to the 48 new listings last year. New condos/townhomes had 13 new listings this October compared to the 18 new listings last year.at the same time, a decrease of 27.8%.

Addison Real Estate Market Conditions - October 2020

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. October ended with 2.2 months of supply, a 51.1% decrease from last year at the same time when there was a 4.5 month supply. The months supply of condos/townhomes was 2.9 months of supply this October, a 29.3% decrease from last year at the same time when there was a 4.1 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - October 2020

Addison Homes For Sale

At the end of October there were 59 single family homes for sale in Addison, more than a 48% decrease from last year when there 114 homes for sale. The number of condos and townhomes for sale decreased with 31 for sale this year, an 16.2% decrease from last year when there were 37 for sale.

Addison Real Estate Market Conditions - October 2020

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Addison Real Estate Market Conditions – September 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales increased more than 27% in September and market times decreased more than 6%.

Addison Home Sales

Addison single family home sales increased 27.6% in September with 37 home sales compared to last year at the same time when there were 29. Condo and townhome sales increased 133.3% with 14 closing this year compared to 6 closings last year the same time.

Addison Real Estate Market Conditions - September 2020 closed sales

Addison Market Times

Addison single family home market times decreased during September. Single family homes were on the market for an average of 60 days, compared to 64 days last year at the same time, a 6.3% decrease. Condo/townhome market times decreased 45.9%. This year the average market time was 59 days compared to 109 days last year.

Addison Real Estate Market Conditions - September 2020 market times

Addison New Listings

During September, 45 single family homes were listed for sale in Addison, that’s a decrease of 34.8% compared to the 69 new listings last year. New condos/townhomes had 28 new listings this September compared to the 14 new listings last year.at the same time, an increase of 100%.

Addison Real Estate Market Conditions - September 2020 new listings

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. September ended with 2.1 months of supply, a 60.4% decrease from last year at the same time when there was a 5.3 month supply. The months supply of condos/townhomes was 3.6 months of supply this September, the same amount as last year at the same time. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - September 2020 months supply

Addison Homes For Sale

At the end of September there were 59 single family homes for sale in Addison, a 55% decrease from last year when there 131 homes for sale. The number of condos and townhomes for sale increased with 38 for sale this year, an 18.8% increase from last year when there were 32 for sale.

Addison Real Estate Market Conditions - September 2020 homes for sale

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Addison Real Estate Market Conditions – August 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales increased more than 15% in August and market times decreased more than 27%.

Addison Home Sales

Addison single family home sales increased 15.4% in August with 30 home sales compared to last year at the same time when there were 26. Condo and townhome sales decrease 30% with 7 closing this year compared to 10 closings last year the same time.

Addison Real Estate Market Conditions - August 2020 closed sales

Addison Market Times

Addison single family home market times decreased during August. Single family homes were on the market for an average of 58 days, compared to 42 days last year at the same time, a 27.6% decrease. Condo/townhome market times increased 66.8%. This year the average market time was 27 days compared to 16 days last year.

Addison Real Estate Market Conditions - August 2020 market time

Addison New Listings

During August, 45 single family homes were listed for sale in Addison, that’s a decrease of 19.6% compared to the 56 new listings last year. New condos/townhomes had 32 new listings this August compared to the 20 new listings last year.at the same time, an increase of 60%.

Addison Real Estate Market Conditions - August 2020 new listings

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. August ended with 2.3 months of supply, a 56.6% decrease from last year at the same time when there was a 5.3 month supply. The months supply of condos/townhomes was 3.8 months for sale this August, an 8.6% increase from last year at the same time when there was a 3.5 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - August 2020 months supply

Addison Homes For Sale

At the end of August there were 64 single family homes for sale in Addison, a 50% decrease from last year when there 128 homes for sale. The number of condos and townhomes for sale increased with 38 for sale this year, an 18.8% increase from last year when there were 32 for sale.

Addison Real Estate Market Conditions - August 2020 homes for sale

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Addison Real Estate Market Conditions – July 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home inventory decreased 43.8% in July and home sales decreased only 3.2%.

Addison Home Sales

Addison single family home sales decreased 17.1% in July with 34 home sales compared to last year at the same time when there were 41. Condo and townhome sales increased more than 16% with 14 closing this year compared to 12 closings last year the same time.

Addison Real Estate Market Conditions - July 2020

Addison Market Times

Addison single family home market times decreased during July. Single family homes were on the market for an average of 70 days, compared to 75 days last year at the same time, a 6.7% decrease. Condo/townhome market times increased 7.7%. This year the average market time was 70 days compared to 65 days last year.

Addison Real Estate Market Conditions - July 2020

Addison New Listings

During July, 55 single family homes were listed for sale in Addison, that’s a decrease of 8.3% compared to the 60 new listings last year. New condos/townhomes had 19 new listings this July compared to the 17 new listings last year.at the same time, an increase of 11.8%.

Addison Real Estate Market Conditions - July 2020

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. July ended with 2.5 months of supply, a 49% decrease from last year at the same time when there was a 4.9 month supply. The months supply of condos/townhomes was 4 months for sale this July, a 42.9% increase from last year at the same time when there was a 2.8 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - July 2020

Addison Homes For Sale

At the end of July there were 66 single family homes for sale in Addison, a 46.8% decrease from last year when there 124 homes for sale. The number of condos and townhomes for sale increased with 35 for sale this year, a 29.6% increase from last year when there were 27 for sale.

Addison Real Estate Market Conditions - July 2020

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Addison Real Estate Market Conditions – June 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home inventory decreased 43.8% in June and home sales decreased only 3.2%.

Addison Home Sales

Addison single family home sales decreased 3.2% in June with 30 home sales compared to last year at the same time when there were 31. Condo and townhome sales decreased more than 35% with 9 closing this year compared to 14 closings last year the same time.

Addison real estate closed sales Jun 2020

Addison Market Times

Addison market times increased during June. Single family homes were on the market for an average of 93 days, compared to 50 days last year at the same time, a 86% increase. Condo/townhome market times increased 51.9%. This year the average market time was 41 days compared to 27 days last year.

Addison real estate market times Jun 2020

Addison New Listings

During June, 44 single family homes were listed for sale in Addison, that’s a decrease of 45.7% compared to the 81 new listings last year. New condos/townhomes had 10 new listings this June compared to the 12 new listings last year.at the same time, a decrease of 16.7%.

Addison real estate new listings Jun 2020

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. June ended with 2.7 months of supply, a 43.8% decrease from last year at the same time when there was a 4.8 month supply. The months supply of condos/townhomes was 2.7 months for sale this June, flat to last year when the supply was the same. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison real estate months supply Jun 2020

Addison Homes For Sale

At the end of June there were 68 single family homes for sale in Addison, a 44.3% decrease from last year when there 122 homes for sale. The number of condos and townhomes for sale decreased with 24 for sale this year, a 7.7% decrease from last year when there were 26 for sale.

Addison real estate homes for sale Jun 2020

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Addison Real Estate Market Conditions – May 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the pandemic. Single family home sales decreased more than 31% in May, condo and townhome sales decreased 62% compared to last year.

Addison Home Sales

Single family home sales in Addison decreased more than 31% in May. 24 single family homes closed this year compared to last year at the same time when there were 35 closings. Condo and townhome sales decreased 62.5% with 6 closings this year compared to 16 closings last year the same time.

Addison Real Estate Market Conditions - May 2020 closed sales

Addison Market Times

Addison market times decreased during May. Single family homes were on the market for an average of 97 days a 2% decrease from last year at the same time when homes were on the market for an average of 99 days. Condo/townhome market times decreased 26.6%. This year the average market time was 47 days compared to 64 days last year at the same time.

Addison Real Estate Market Conditions - May 2020 market times

Addison New Listings

During May 2020, 47 single family homes were listed for sale, a 39.7% decrease compared to last year at the same time when there were 78 new listings. New condos/townhomes had 22 new listings, that’s a 4.3% decrease compared to the 23 new listings last year at the same time.

Addison Real Estate Market Conditions - May 2020 new listings

Months Supply

Addison single family home inventory is still super, super low. May ended with 3.5 months of supply, more than a 18% decrease from last year at the same time when there was a 4.3 month supply. The months supply of condos/townhomes had a 18.4% decrease from last May with 3.1 months supply for sale this year compared to 3.8 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - May 2020 months supply

Addison Homes For Sale

At the end of May there were 85 single family homes for sale in Addison, a 21.3% decrease from last year when there were 108 homes for sale. The number of condos and townhomes for sale decreased with 28 for sale this year, a 20% decrease from last year when there were 35 for sale.

Addison Real Estate Market Conditions - May 2020 homes for sale

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Addison Real Estate Market Conditions – April 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales decreased 29.6% in April, condo and townhome sales increased 20% compared to last year.

Addison Home Sales

Single family home sales in Addison decreased more than 29% in April. 19 single family homes closed this year compared to last year at the same time when there were 27 closings. Condo and townhome sales increased 20% with 12 closings this year compared to 10 closings last year the same time.

Addison Real Estate Market Conditions - April 2020 closed sales

Addison Market Times

Addison market times decreased for condos and townhomes during April. Single family homes were on the market for an average of 94 days, the same amount as last year at the same time. Condo/townhome market times decreased 5.7%. This year the average market time was 66 days compared to 70 days last year at the same time.

Addison Real Estate Market Conditions - April 2020 market time

Addison New Listings

During April 2020, 38 single family homes were listed for sale, a 52.5% decrease compared to last year at the same time when there were 80 new listings. New condos/townhomes had 10 new listings, that’s a 63% decrease compared to the 27 new listings last year at the same time.

Addison Real Estate Market Conditions - April 2020 new listings

Months Supply

Addison single family home inventory is still super, super low. April ended with 3.3 months of supply, more than a 17% decrease from last year at the same time when there was a 4 month supply. The months supply of condos/townhomes had a 50% decrease from last April with 2.4 months supply for sale this year compared to 4.8 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - April 2020 months supply

Addison Homes For Sale

At the end of April there were 83 single family homes for sale in Addison, a 15.3% decrease from last year when there were 98 homes for sale. The number of condos and townhomes for sale decreased with 23 for sale this year, a 43.9% decrease from last year when there were 41 for sale.

Addison Real Estate Market Conditions - April 2020 homes for sale

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Addison Real Estate Market Conditions – March 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales decreased 29.2% in March and condo and townhome sales decreased 30% compared to last year.

Addison Home Sales

Single family home sales in Addison decreased more than 29% in March. 17 single family homes closed this year compared to last year at the same time when there were 24 closings. Condo and townhome sales decreased 30% with 7 closings this year compared to 10 closings last year the same time.Addison Real Estate Market Conditions - February 2020 closed

Addison Market Times

Addison market times decreased for single family homes during March. Single family homes were on the market for an average of 76 days, compared to 119 days last year at the same time, more than a 36% decrease. Condo/townhome market times decreased 61.9%. This year the average market time was 40 days compared to 105 days last year at the same time.Addison Real Estate Market Conditions - February 2020 market times

Addison New Listings

During March 2020, 38 single family homes were listed for sale, an 26.9% decrease compared to last year at the same time when there were 52 new listings. New condos/townhomes had 11 new listings, that’s a 26.7% decrease compared to the 15 new listings last year at the same time.Addison Real Estate Market Conditions - February 2020 new listings

Months Supply

Addison single family home inventory is still super, super low. March ended with 3.1 months of supply, more than a 13% decrease from last year at the same time when there was a 3.6 month supply. The months supply of condos/townhomes had a 26.7% decrease from last March with 2.2 months supply for sale this year compared to 3 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.Addison Real Estate Market Conditions - February 2020 months supply

Addison Homes For Sale

At the end of March there were 84 single family homes for sale in Addison, a 1.2% increase from last year when there were 83 homes for sale. The number of condos and townhomes for sale decreased with 21 for sale this year, a 22.2% decrease from last year when there were 27 for sale.Addison Real Estate Market Conditions - February 2020 homes for sale

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Addison Real Estate Market Conditions – February 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales increased 114% in February and condo and townhome sales increased 150% compared to last year.

Addison Home Sales

Single family home sales in Addison increased more than 114% in February. 15 single family homes closed this year compared to last year at the same time when there were 7 closings. Condo and townhome sales increased 150% with 10 closings this year compared to 4 closings last year the same time.Addison Real Estate Market Conditions - February 2020 closed

Addison Market Times

Addison market times increased for single family homes during February. Single family homes were on the market for an average of 98 days, compared to 42 days last year at the same time, more than a 133% increase. Condo/townhome market times increased 3.3%. This year the average market time was 31 days compared to 30 days last year at the same time.Addison Real Estate Market Conditions - February 2020 market times

Addison New Listings

During February 2020, 38 single family homes were listed for sale, an 8.6% increase compared to last year at the same time when there were 35 new listings. New condos/townhomes had 18 new listings, that’s a 5.9% increase compared to the 17 new listings last year at the same time.Addison Real Estate Market Conditions - February 2020 new listings

Months Supply

Addison single family home inventory is still super, super low. February ended with 2.8 months of supply, more than a 6% decrease from last year at the same time when there was a 3 month supply. The months supply of condos/townhomes saw a 46.9% decrease from last February with 1.7 months supply for sale this year compared to 2.5 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.Addison Real Estate Market Conditions - February 2020 months supply

Addison Homes For Sale

At the end of February there were 78 single family homes for sale in Addison, a 9.9% increase from last year when there were 71 homes for sale. The number of condos and townhomes for sale decreased with 18 for sale this year, a 37.9% decrease from last year when there were 29 for sale.Addison Real Estate Market Conditions - February 2020 homes for sale

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Addison Real Estate Market Conditions – January 2020

Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales increased 50% in January and condo and townhome sales increased 120% compared to last year.

Addison Home Sales

Single family home sales in Addison increased more than 50% in January. 18 single family homes closed this year compared to last year at the same time when there were 12 closings. Condo and townhome sales increased more than 120% with 11 closings this year compared to 5 closings last year the same time.

Addison Real Estate Market Conditions - January 2020 closed sales

Addison Market Times

Addison market times decreased for single family homes during January. Single family homes were on the market for an average of 54 days, compared to 94 days last year at the same time, more than a 42% decrease. Condo/townhome market times increased 144%. This year the average market time was 83 days compared to 34 days last year at the same time.

Addison Real Estate Market Conditions - January 2020 market times

Addison New Listings

During January 2020, 34 single family homes were listed for sale this January the same amount as last year at the same time. New condos/townhomes had 13 new listings, that’s a 30% increase compared to the 10 new listings last year at the same time.

Addison Real Estate Market Conditions - January 2020 new listings

Months Supply

Addison single family home inventory is still super, super low but this month inventory has a slight increase. January ended with 3.1 months of supply, more than a 3.3% increase from last year at the same time when there was a 3 month supply. The months supply of condos/townhomes saw a 28% decrease from last January with 1.8 months supply for sale this year compared to 2.5 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - January 2020 months supply

Addison Homes For Sale

At the end of January there were 84 single family homes for sale in Addison, an 18.3% increase from last year when there were 71 homes for sale. The number of condos and townhomes for sale decreased with 18 for sale this year, a 25% decrease from last year when there were 24 for sale.

Addison Real Estate Market Conditions - January 2020 homes for sale

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