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Addison Real Estate Market Conditions – July 2019

Addison Real Estate Market Update

The Addison Real Estate Market continues to see strong market conditions despite the extremely low inventory. Single family home sales increased 29% in July. Inventory is still super low and still decreasing, making it really difficult for buyers to find a home.

Addison Home Sales

Single family home sales in Addison increased 29% in July. 40 single family homes closed this year compared to last year at the same time when there were 31 closings. Condo and townhome sales increased 50% in July with 12 closing this year compared to 8 closings last year the same time.

Addison Market Times

Addison market times increased for single family homes during July. Single family homes were on the market for an average of 75 days, compared to 35 days in July 2018, a 114.3% increase. Condo/townhome market times also increased, 35.4%. This year the average market time was 65 days compared to 48 days last year at the same time.

Addison New Listings

During July 2019, 60 single family homes were listed for sale in Addison, that’s a decrease of 23.1% compared to the 78 new listings last year. New condos/townhomes had 17 new listings this July compared to the 15 new listings last year.at the same time, an increase of 13.3%.

Months Supply

Addison single family home inventory is still super, super low. July ended with 4.7 months of supply, a 2.1% decrease from last year at the same time when there was a 4.8 month supply. The months supply of condos/townhomes had a 32.4% decrease from last July with 2.3 months supply for sale this year compared to 3.4 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Homes For Sale

At the end of July there were 121 single family homes for sale in Addison, a 2.5% increase from last year when there were 118 homes for sale. The number of condos and townhomes for sale decreased with 23 for sale this year, a 32.4% decrease from last year when there were 34 for sale.

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Addison Real Estate Market Conditions – June 2019

Addison Real Estate Market Update

The Addison Real Estate Market continues to see strong market conditions despite the extremely low inventory. Single family home sales increased in June. Inventory is still super low and it’s making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison increased almost 37% in June. 30 single family homes closed this year compared to last year at the same time when there were 22 closings. Condo and townhome sales increased 18% in June with 13 closing this year compared to 11 closings last year the same time.

Addison Market Times

Addison market times increased for single family homes during June. Single family homes were on the market for an average of 49 days, compared to 47 days in June 2018, a 4.3% increase. Condo/townhome market times decreased, 38.5%. This year the average market time was 24 days compared to 39 days last year at the same time.

Addison New Listings

During June 2019, 81 single family homes were listed for sale in Addison, that’s an increase of 24.6% compared to the 65 new listings last year. New condos/townhomes had 12 new listings this June compared to the 18 new listings last year.at the same time, a decrease of 33.3%.

Months Supply

Addison single family home inventory is still super, super low. June ended with 4.6 months of supply, a 9.8% decrease from last year at the same time when there was a 5.1 month supply. The months supply of condos/townhomes had a 36.7% decrease from last June with 1.9 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 Homes For Sale

At the end of June there were 118 single family homes for sale in Addison, a 2.6% increase from last year when there were 115 homes for sale. The number of condos and townhomes for sale decreased with 19 for sale this year, a 36.7% decrease from last year when there were 30 for sale.

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Addison Real Estate Market Conditions – May 2019

Addison Real Estate Market Update

The Addison Real Estate Market continues to see strong market conditions despite the extremely low inventory. Single family home sales increased in May. Inventory is still super low and it’s making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison increased almost 42% in May. 34 single family homes closed this year compared to last year at the same time when there were 24 closings. Condo and townhome sales increased 23% in May with 16 closing this year compared to 13 closings last year the same time.

Addison Market Times

Addison market times increased during May. Single family homes were on the market for an average of 100 days, compared to 50 days in May 2018, a 100% increase. Condo/townhome market times decreased, 7.2%. This year the average market time was 64 days compared to 69 days last year at the same time.

Addison New Listings

During May 2019, 78 single family homes were listed for sale in Addison, that’s an increase of 25.8% compared to the 62 new listings last year. New condo/townhome listings had 23 new listings this May compared to the 17 new listings last year.at the same time, an increase of 35.3%.

Months Supply

Addison single family home inventory is still super, super low. May ended with 4.3 months of supply, a 6.5% decrease from last year at the same time when there was a 4.6 month supply. The months supply of condos/townhomes had a 3.4% decrease from last May with 2.8 months supply for sale this year compared to 2.9 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Homes For Sale

At the end of May there were 108 single family homes for sale in Addison, a 2.9% increase from last year when there were 105 homes for sale. The number of condos and townhomes for sale decreased with 28 for sale this year, a slight 3.4% decrease from last year when there were 29 for sale.

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Addison Real Estate Market Conditions – April 2019

Addison Real Estate Market Update

The Addison Real Estate Market continues to see strong market conditions despite the extremely low inventory. Single family home market times decreased in April. Inventory is still super low and it’s making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison decreased almost 23% in April. 27 single family homes closed this year compared to last year at the same time when there were 35 closings. Condo and townhome sales increased 11% in April with 10 closing this year compared to 9 closings last year the same time.

Addison Real Estate Market Conditions - April 2019 closed sales

Addison Market Times

Addison market times saw a decrease during April. Single family homes were on the market for an average of 94 days, compared to 106 days in April 2018, an 11.3% decrease. Condo/townhome market times also had a decrease, 13.6%. This year the average market time was 70 days compared to 81 days last year at the same time.

Addison Real Estate Market Conditions - April 2019 market time

Addison New Listings

During April 2019, 80 single family homes were listed for sale in Addison, that’s an increase of 37.9% compared to the 58 new listings last year. New condo/townhome listings had 27 new listings this April compared to the 16 new listings last year.at the same time, an increase of 68.8%.

Addison Real Estate Market Conditions - April 2019 new listings

Months Supply

Addison single family home inventory is still super, super low. April ended with 3.9 months of supply, the exact same as last year at the same time. The months supply of condos/townhomes had a 56.5% increase from last April with 3.6 months supply for sale this year compared to 2.3 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - April 2019 months supply

Addison Homes For Sale

At the end of April there were 97 single family homes for sale in Addison, a 6.6% increase from last year when there were 91 homes for sale. The number of condos and townhomes for sale also increased with 33 for sale this year, a 32% increase from last year when there were 25 for sale.

Addison Real Estate Market Conditions - April 2019 homes for sale

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Addison Real Estate Market Conditions – March 2019

Addison Real Estate Market Update

The Addison Real Estate Market continues to see strong market conditions despite the extremely low inventory. Single family home sales decreased 4% in March. The extremely low inventory is still making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison decreased 4% in March. 24 single family homes closed this year compared to last year at the same time when there were 25 closings. Condo and townhome sales decreased 33.3% in March with 10 closing this year compared to 15 closings last year the same time.

Addison Real Estate Market Conditions - March 2019 closed sales

Addison Market Times

Addison market times saw an increase during March. Single family homes were on the market for an average of 119 days, compared to 102 days in March 2018, a 16.7% increase. Condo/townhome market times also had an increase, 23.5%. This year the average market time was 105 days compared to 85 days last year at the same time.

Addison Real Estate Market Conditions - March 2019 market times

Addison New Listings

During March 2019, 52 single family homes were listed for sale in Addison, that’s an increase of 57.6% compared to the 33 new listings last year. New condo/town home listings had 15 new listings this March compared to the 21 new listings last year.at the same time there was a decrease of 28.6%.

Addison Real Estate Market Conditions - March 2019 new listings

Months Supply

Addison single family home inventory is still super, super low. March ended with 3.1 months of supply, a slight 6.9% increase compared to last year at the same time when the months supply was 2.9. The months supply of condos/townhomes had an 11% decrease from last March with 2.4 months supply for sale this year compared to 2.7 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - March 2019 months supply

Addison Homes For Sale

At the end of March there were 75 single family homes for sale in Addison, an 8.7% increase from last year when there were 69 homes for sale. The number of condos and townhomes for sale decreased with 22 for sale this year, a 21.4% decrease from last year when there were 28 for sale.

Addison Real Estate Market Conditions - March 2019 homes for sale

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Addison Real Estate Market Conditions – February 2019

Addison Real Estate Market Update

The Addison Real Estate Market continues to see strong market conditions despite the extremely low inventory. Single family home sales decreased more than 53% in February. The extremely low inventory is still making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison decreased more than 53% in February. 7 single family homes closed this year compared to last year at the same time when there were 15 closings. Condo and townhome sales decreased almost 43% in February with 4 closing this year compared to 7 closings last year the same time.Addison Real Estate Market Conditions - February 2019 closed sales

Addison Market Times

Addison market times saw a huge decrease during February. Single family homes were on the market for an average of 42 days, compared to 203 days in February 2018, a 79.3% decrease. Condo/townhome market times had a decrease of 68.4% this February with the average market time of 30 days compared to 95 days last year at the same time.Addison Real Estate Market Conditions - February 2019 market time

Addison New Listings

During February 2019, 35 single family homes were listed for sale in Addison, a decrease of 14.6% compared to the 41 new listings last year. New condo/town home listings had 17 new listings this February the same amount as last year at the same time.Addison Real Estate Market Conditions - February 2019 new listings

Months Supply

Addison single family home inventory is still super low. February ended with 2.9 months of supply, a 9.4% decrease compared to last year at the same time when the months supply was 3.2. The months supply of condos/townhomes had a 3.7% increase from last February with 2.8 months supply for sale this year compared to 2.7 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.Addison Real Estate Market Conditions - February 2019 months supply

Addison Homes For Sale

At the end of February there were 69 single family homes for sale in Addison, an 8% decrease from last year when there were 75 homes for sale. The number of condos and townhomes for sale decreased with 26 for sale this year, a 3.7% decrease from last year when there were 27 for sale.Addison Real Estate Market Conditions - February 2019 homes for sale

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Addison Real Estate Market Conditions – January 2019

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 more than 14% in January. Although the home inventory is increasing, the extremely low inventory is still making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison decreased 14.3% in January. 12 single family homes closed this year compared to last year at the same time when there were 14 closings. Condo and townhome sales increased 25% in January with 5 closing this year compared to 4 closings last year the same time.Addison Real Estate Market Conditions - January 2019

Addison Market Times

Market times for single family homes had an increase during January. Single family homes were on the market for an average of 94 days, compared to 68 days in January 2018, a 38.2% increase. Condo/townhome market times had a decrease of 20.9% this January with the average market time of 34 days compared to 43 days last year at the same time.Addison Real Estate Market Conditions - January 2019

Addison New Listings

During January 2019, 34 single family homes were listed for sale in Addison, an increase of 36% compared to the 25 new listings last year. New condo/town home listings had 9 new listings this January compared to last year at the same time when there were 12 new listings, a 25% decrease.Addison Real Estate Market Conditions - January 2019

Months Supply

Addison single family home inventory is still super low. January ended with 2.9 months of supply, the exact same amount as last year at the same time. The months supply of condos/townhomes had a 24.1% decrease from last January with only 2.2 months supply for sale this year compared to 2.9 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.Addison Real Estate Market Conditions - January 2019

Addison Homes For Sale

At the end of January there were 70 single family homes for sale in Addison, a 6.1% increase from last year when there were 66 homes for sale. The number of condos and townhomes for sale decreased with 21 for sale this year, a 27.6% decrease from last year when there were 29 for sale.Addison Real Estate Market Conditions - January 2019

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Addison Real Estate Market Conditions – December 2018

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 more than 33% in December. Although the home inventory is increasing, the extremely low inventory is still making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison decreased 33.3% in December. 14 single family homes closed this year compared to last year at the same time when there were 21 closings. Condo and townhome sales increased 40% in December with 7 closing this year compared to 5 closings last year the same time.

Addison Real Estate Market Conditions - December 2018 closed sales

Addison Market Times

Market times for single family homes had an increase during December. Single family homes were on the market for an average of 65 days, compared to 56 days in December 2017, a 16.1% decrease. Condo/townhome market times had a decrease of 25.4% this December with the average market time of 50 days compared to 67 days last year at the same time.

Addison Real Estate Market Conditions - December 2018 market times

Addison New Listings

During December 2018, 18 single family homes were listed for sale in Addison, an increase of 12.5% compared to the 16 new listings last December. New condo/town home listings had 8 new listings this December compared to last year at the same time when there were 13 new listings, a 38.5 decrease.

Addison Real Estate Market Conditions - December 2018 new listings

Months Supply

Addison single family home inventory is still super low. December ended with 3.1 months of supply, the exact same amount as last year at the same time. The months supply of condos/townhomes had a 21.9% decrease from last December with only 2.5 months supply for sale this year compared to 3.2 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - December 2018 months supply

Addison Homes For Sale

At the end of December there were 76 single family homes for sale in Addison, a 5.6% increase from last December when there were 72 homes for sale. The number of condos and townhomes for sale decreased with 24 for sale this year, a 22.6% decrease from last year when there were 31 for sale.

Addison Real Estate Market Conditions - December 2018 homes for sale

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Aurora Real Estate Market Conditions – November 2018

Aurora Real Estate Market Update

The Aurora Real Estate slows in November. There was a decrease in both single family homes and condo/town homes across the in home sales price while showing an increase in months supply. Some noted sign of life was an increase in number of new listings for both single family and condo/town homes. Sellers have begun to realize the environment for their listings and may be a result of the increase in new listings.

Aurora Home Sales

109 single family homes and 53 condo/town homes closed in November. Compare that to the 130 single family home closings at the same time last year and you’ll find an decrease of about 16% in the number of single family homes sold. Condo and townhome sales in November increased from last year with 53 closings this year, or about a jump of 10%, compared to the 48 that sold at the same time last year.

Aurora Real Estate Market Conditions - November 2018
Aurora Sales Price

During November 2018, there was a decrease in median sales price for single family homes of just over 2% with a median sales price of $194,000 this year compared to $190,000 last year. Condo/townhomes saw their median sales price slightly decrease to $160,000 this year compared to $176,000 this time last year, or about a 9% decrease.

Aurora Real Estate Market Conditions - November 2018

Aurora Market Times

Market times for single family homes increased where condos/townhomes in Aurora decreased this year. Single family homes were on the market for 56 days at the end of November 2018, compared to 50 days on the market in November 2017 or a 12% increase. Condo/townhome market times significantly decreased this November with 40 days on the market, compared to the 48 days we saw at this time last year or about a 17% drop.

Aurora Real Estate Market Conditions - November 2018
Aurora New Listings

During November 2018, 149 single family homes were listed for sale in Aurora, compared to the 140 new listings last year, an increase of 6%. New condo/town home listings have had an increase of 7% with 58 new listings this November compared to the 54 last year at this time.

Aurora Real Estate Market Conditions - November 2018

Aurora Months Supply

Aurora single family home inventory increased by 29% this November, jumping to 2.7 months supply of homes for sale. The months supply of Aurora single family homes for sale at the same time last year was 2.1 months. The months supply of condos/townhomes in Aurora is jumped to 2.0 months supply for sale, up 43% from last November when there were 1.4 months of supply. Anything under a 5 months supply is considered favorable conditions for sellers.

Aurora Real Estate Market Conditions - November 2018

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Addison Real Estate Market Conditions – November 2018

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 70% in November. The extremely low inventory is still making it really difficult for buyers to find a home, benefiting home sellers.

Addison Home Sales

Single family home sales in Addison increased 70% in November. 34 single family homes closed this year compared to last year at the same time when there were 20 closings. Condo and townhome sales decreased 50% in November with 12 closing this year compared to 6 closings last year the same time.Addison Real Estate Market Conditions - November 2018 closed sales

Addison Market Times

Market times for single family homes had a considerable decrease during November. Single family homes were on the market for an average of 59 days, compared to 95 days in November 2017, a 37.9% decrease. Condo/townhome market times had a small decrease of 7.5% this November with the average market time of 49 days compared to 53 days last year at the same time.

Addison Real Estate Market Conditions - November 2018 market times

Addison New Listings

During November 2018, 24 single family homes were listed for sale in Addison, a slight increase of 4.3% compared to the 23 new listings last November. New condo/town home listings had 14 new listings this November compared to last year at the same time when there were 9 new listings, a 55.6 increase.

Addison Real Estate Market Conditions - November 2018 new listings

Months Supply

Addison single family home inventory is still super low. November ended with 3.9 months of supply, a 2.6% increase compared to last November when 3.8 months of supply was available. The months supply of condos/townhomes had a 23.3% decrease from last November with only 2.3 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 - November 2018 months supply

Addison Homes For Sale

At the end of November there were 95 single family homes for sale in Addison, a 6.7% increase from last November when there were 89 homes for sale. The number of condos and townhomes for sale decreased with 23 for sale this year, a 20.7% decrease from last year when there were 29 for sale.

Addison Real Estate Market Conditions - November 2018 homes for sale

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