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Enjoy this Flower Mound Real Estate Market Report which is a comparison of the month of April 2018 over the same month in 2017.  For details behind the figures, please contact Kris Wise with Keller Williams Wise Advantage Group at 972-829-9040 or kris@allthingshousing.com.

A Look at the Housing Stats

Median home price is UP again this month as compared to last year by 4.4%. With a median home price in Flower Mound of $395,000 for this month, we are seeing homes at the higher prices begin to move. This follows a month of a median price increase above $400,000, so this is signaling the roller coaster of the real estate market once again.  Active listings are UP this month by 14.5% to 276 homes on the market. Closed sales are UP 2.8% to 111 which is expected given the seasonality of our market. The majority of the homes sold in Flower Mound this month are between $300,000-$399,999 which represent 31.1% of all homes sold in Flower Mound. Months of inventory is about the same as last month at 2.6 months.  Days on market is UP 13 days from last year to 35 days to go under contract which means the homes that are selling are moving 13 days slower than this month last year.

What Does this Data Mean?

The most eye catching part of this month’s market report is that the number of active listings is up by over 50 houses than last month which just goes to show that we are in the beginning of the busy real estate season. With just a couple of weeks left of school, we are seeing more activity in the market. We expect this to continue through August. Another fascinating point is that for the first time in the past couple of months the number of closed sales is up. People are not only wanting to sell their houses during the summer months but people are wanting to buy houses as well especially out of state transfers.

2 wooden houses sitting on top of a chart

What does this mean if you’re buying a house in Flower Mound?

The majority of the homes sold in Flower Mound this month are between $300,000-$399,999 which represent 31.1% of all homes sold in Flower Mound. As you might recall from last month, the majority of homes sold were in the $500,000-$750,000 which was the first time we have had a surge in this price range in recent history. The next largest grouping was $400,000 to $499,999 which represented 23.6% of the total sold. The good news is that this great market has finally hit the luxury price points as there were 2.8% of the homes sold that were in the $1 million plus range this month. This is the first time in the past couple of months that we have seen a house sold in the $1 million and up price range. It’s a great time to buy a house in Flower Mound with summer fast approaching.

What does this mean if you’re selling a house in Flower Mound?

If your home is updated and under the $500k range, right now is a perfect time to sell your house. The demand is hot for these homes especially with the out of state transfers who can get a bigger bang for their buck here in Texas as compared to California for example.  If you are needing to sell your home we can get it sold quickly and easily for you, give us a call at 972-829-9040 and we can give you an in-depth market analysis for your home specifically.

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 $395,000 or less

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Summary
Flower Mound Real Estate Market Report- May 2018
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Flower Mound Real Estate Market Report- May 2018
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These are the current Flower Mound Real Estate Market Report stats for April 2018 brought to you by the Wise Advantage Group
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Wise Advantage Group
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