The Burnet TX February 2025 Market Update shows the real estate market currently has a Months Supply of Inventory of 7.8, indicating that it would take approximately 7.8 months to sell all the homes on the market at the current sales pace. The 12-Month Change in Months of Inventory is at -4.06%, showing a decrease in the amount of time it would take to sell all available homes compared to the previous year.
The Median Days Homes are On the Market is 79, suggesting that homes are selling relatively quickly in this market. This is further supported by the Sold to List Price Percentage of 96.5%, indicating that homes are typically selling very close to their list price.
Additionally, the Median Sold Price in this market is $352,310, providing insight into the average price at which homes are selling. This information can be valuable for both buyers and sellers in understanding current market trends and setting realistic expectations.
Overall, the Burnet TX February 2025 Market Update show a market that is balanced in terms of supply and demand, with homes selling at a high percentage of their list price and within a reasonable amount of time. Buyers and sellers alike can use this data to make informed decisions in the real estate market.
If you would like to know more about what is happening in your particular area, let’s schedule some time to speak. Each market is different and there are micro markets that may provide additional insight. My team and I at Uncommon Realty are here to help you. I look forward to discussing what is going on with your area.
