DeSoto, Tx Market Update

November 2024

DeSoto TX Real Estate Update: What Buyers and Sellers Need to Know

Are you considering buying or selling a home in DeSoto, TX? Understanding the latest real estate trends is key to making informed decisions. Let’s break down the current market metrics and what they mean for you.

Current Real Estate Metrics in DeSoto, TX

1. Months Supply of Inventory: 5.13

   • This metric indicates how long it would take to sell all the current DeSoto real estate listings at the current sales pace.

   • What it means for you:

     • A lower number suggests a seller’s market, while a higher number points to a buyer’s market. DeSoto's current supply leans toward a more balanced market, offering opportunities for both buyers and sellers.

   📌 Explore available homes here: DeSoto TX Homes for Sale.

2. 12-Month Change in Months of Inventory: +47.41%

   • A significant increase in inventory means buyers now have more options.

   • What it means for you:

     • As a buyer, this could provide more negotiating power. As a seller, pricing your home competitively is essential to stand out.

   💡 Interested in new construction? Check out DeSoto TX New Construction Homes for Sale.

3. Median Days on Market: 60 Days

   • This measures how quickly homes are selling.

   • What it means for you:

     • A median of 60 days suggests a steady market. Sellers should focus on presentation and pricing, while buyers have time to weigh options.

4. List to Sold Price Percentage: 98%

   • Homes in DeSoto are selling very close to their list price.

   • What it means for you:

     • Sellers can feel confident about pricing near market value, while buyers should be prepared to offer close to the asking price for competitive listings.

5. Median Sold Price: $333,000

   • This is the average sale price for homes in the area.

   • What it means for you:

     • Buyers can use this as a benchmark when budgeting, and sellers can gauge their home’s potential value.

   📊 Wondering what your home is worth? Get a detailed analysis here: DeSoto TX Home Value.

Key Takeaways for DeSoto Buyers and Sellers

• Buyers:
  With increasing inventory, now is a great time to explore your options and negotiate. Whether you're searching for existing homes or new builds, DeSoto offers a range of properties.

• Sellers:
  Competitive pricing and strategic marketing are crucial to attract buyers in a market with rising inventory levels. Partner with a knowledgeable real estate professional to position your home effectively.

Ready to Make a Move in DeSoto, TX?

Stay informed about the latest trends in DeSoto real estate listings to make the best decisions for your goals. Whether you're looking to buy a home in DeSoto or sell your property, I'm here to help every step of the way.

📌 Find your dream home today:
DeSoto TX Homes for Sale |
New Construction Homes in DeSoto |
Check Your Home's Value

Happy house hunting! 🏡