The Single Digit Blues

By
Real Estate Agent with United Real Estate TX #0552717

In a town of 15,000+ residents, with 80%  living in apartments, there aren't many non-investment properties to begin with. The problem of low inventory has not bypassed Addison. For a while last year, we were down to a supply of just 3-4 homes for a few months.Downward decline

Inventory started to ease a few months ago, but never reached more than a dozen or so properties for sale at any one time. And some of those properties are incomplete new construction, so if you wanted a move-in ready home, your choices were further reduced.

But now we're back to single digit inventory. Three of the available homes are over $1M. Another one is incomplete new construction. Three of the under $1M properties are single family homes, two are townhomes, and one is a condo. 

The market may be shifting around us, but here in Addison, the lack of supply vs strong demand will keep prices high, regardless of interest rates. It's still very much a seller's market.

If you are interested in any  property for sale in Addison or the surrounding communities, get in touch with me. But quickly, before they're gone!

Posted by

Lorrie Semler, REALTOR
United Real Estate Dallas

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Comments (3)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Lorrie:

That's pretty tight inventory for any level of interest. We are seeing inventory rising here, although not enough to keep up with the demand.

Have a good weekend!

Jeff

Jun 10, 2022 07:56 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Now THAT's low inventory!   Wow - I hope there aren't a lot of competing agents for those few listings.  Inventory is slowly rising here as well.  We shall see.  Best of luck to you!

Jun 13, 2022 03:54 PM
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

Jan Green - Scottsdale, AZ  A few months ago, we were down to 3. And yes, there are LOTS of agents competing for listings.

Jun 14, 2022 06:48 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

It’s tough to sell homes when there’s nothing to choose from. Now we really need to be finding new listings.

Jun 16, 2022 02:42 PM