Enjoy this Flower Mound Real Estate Market Report which is a comparison of the month of December 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 firstname.lastname@example.org.
A Look at the Housing Stats
Median home price is just barely UP as compared to last year by 0.3%. This follows a month of a significant median price increase, so a tiny bump in price is not concerning. In the month of December, Flower Mound’s median home price was $365,000. Active listings are DOWN again this month by 8.7% to only 168 homes on the market. Closed sales are down 24.8% to 79 this month and that was felt across the market. Months of inventory is down to 1.6 months as compared to 1.7 months last year. Days on market is down 13 days from last year to 43 days to go under contract which means the homes that are selling are moving 13 days faster than last year
What Does this Data Mean?
The average sale price is up this month to $365,000 which is still significantly higher than the median price in the DFW Metroplex. We did see an uptick in the sales for homes between $400-$500K with that price range representing 20% of the home sales. Given the holidays, sellers who are not motivated to move quickly may take their home off the market to start the days on market clock over in the MLS. Last year the market was rising each month so we saw buyers snatching up homes as fast as they hit the market. With the recent “market fatigue” setting in, buyers aren’t willing to pay the high prices and sellers are seeing more homes sit on the market and, as mentioned earlier, they are choosing to take them off the market for December. The bottom line is if the house is priced right and in good condition, buyers are buying them faster but the homes that are not priced right given their condition, are sitting on the market and ultimately may have expired or withdrew from the market which caused the 24.8% reduction of closed sales this month and active listings count down almost 9%.
What does this mean if you’re buying a house in Flower Mound?
If you are looking for a house in Flower Mound under $300,000 you will experience multiple offers and will most likely pay way above market value just to win. If you are thinking about moving to a larger home within Flower Mound, then this is the market for which you have been waiting! The agents at Wise Advantage Group – Keller Williams are trained to understand your real estate goals combined with your financial goals so you can maximize both. Think about it, you get your house all ready to hit the market based on the Wise Advantage Group’s robust marketing plan and then go shopping for a new home. Once we find you the perfect home, we activate your existing house on the MLS and you are ready to entertain the offers coming in.
Given that you are moving up in price, the demand at the higher price is not as great so you have more bargaining room usually, so you get the best of both worlds. You get to sell in a seller’s market price point and buy in a more balanced market or even into a buyer’s market price point. Win-win!
What does this mean if you’re selling a house in Flower Mound?
It is a great time to sell your house! The demand is strong and when we showcase your property using the Wise Advantage Group’s 87-point marketing plan, we will hit the market with a very strong offering. We have Certified Negotiation Experts on staff to assist you to get the most out of your house. We also offer an entire team of tradespeople to get your house ready for its debut on the market. Unlike solo agents, Wise Advantage Group has a Listing Manager whose only job is to market your home across all our internet and social media platforms so your house gets the vast exposure which means more buyers looking at your house which means more offers and this will ultimately drive the price upward. We are your real estate partners from the moment you sign the listing agreement and are here to serve all of your real estate needs.
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 $365,000 or less