Enjoy this Flower Mound Real Estate Market Report which is a comparison of the month of November 2017 over the same month in 2016. For details behind the figures, please contact Kris Wise with Keller Williams Wise Advantage Group at 972-829-9040 or email@example.com.
A Look at the Housing Stats
Median price is UP as compared to last year by 5.5% with a median price of $375,200. This follows a month of lowered median price which was at $350,500, so the roller coaster of home prices continues. Active listings are DOWN 10% again this month to only 206 homes on the market this month. Closed sales are up 13.5% to 84 this month. Months of inventory is down to 1.9 months as compared to 2.1 months last year. Days on market is down 4 days from last year to 38 days to go under contract
What Does this Data Mean?
Flower Mound has been seeing a roller coaster of home prices for the past several months and it continues. The average sale price is up this month to $375,200 which is significantly higher than the median price in the DFW Metroplex of $242,100. There are fewer houses on the market than there was last year and the houses that are for sale are selling faster than they did last year.
What does this mean if you’re buying a house in Flower Mound?
With many businesses relocating to the DFW metroplex, home buyers are in strong competition for the houses that are on the market. Putting off a home purchase may mean looking at even less inventory as time passes and more employees are being relocated to the area.
What does this mean if you’re selling a house in Flower Mound?
The increased number of closings represents the continued strength of the seller’s market in Flower Mound at some of the middle price points. We saw an increase of homes over $400k sell this month. Homes are selling within 38 days which is less than November of last year and the main reason for this is the increase of homes for sale in the lower to mid price ranges. Many people choose not to list and show their homes over the holidays so the competition becomes even less. Less competition with motivated and serious buyers means better negotiating power for you.
Home Value Estimate
If you want to know what your home might sell for find out using this home value estimator.
Flower Mound Homes for Sale
Below you will find the most recently listed homes for sale in Flower Mound at $375,200 or less