Statistics Are In For North Texas Real Estate

Just posted by North Texas Real Estate Information Systems:

• Single family home sales are up 2%, sales volume is up 1% from this time last year with no change to the average price range of $193,156
• The days on the market for a median price range single family home is up 7%, condos and townhomes are up 27% and farms and ranches are up 29% from this time last year
• At the end of September, there was an average of approximately four months of inventory available on homes under $100K that consisted of 25.7% of the inventory of single family homes
• At the same time, there was an average of approximately five months of inventory available on homes between $100K and $150K that consisted of 28% of the inventory of single family homes
• There was an average of six months of inventory available on homes between $150K and $200K that consisted of 18.3% of the inventory
• There was an average of seven months of inventory available on homes between $200K and $300K that consisted of 15.4% of the inventory
• There was an average of nine months of inventory available on homes between $300K and $500K that consisted of 8.4% of the inventory
• There was an average of 15.4 months of inventory available on homes from $500K to $1M that consisted of 3.3% of the market
• On homes over $1M there is a 20 month supply of homes available that consists of 1% of the current market
• For more statistics and understanding of our market, please call me at 972.468.5136 or email me at amydownsrealtor@yahoo.com

This is great news, and we are so lucky to be in North Texas. If we can be of assistance to you or anyone you know in the market to buy or sell real estate anywhere in the world, please give us a call or email. You can also visit our website at www.TeamDowns.com.