North Texas Home Prices are on the Rise
Based on the number that has come in from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems September of 2017 saw an increase of 3% in the number of homes sold compared to September 2016.
Not only is the number of homes being sold increasing but so is the median price at $242,000.
You have to watch the market in North Texas. When prices jump quickly it can have multiple effects, including less affordability, less housing available, and a decrease in the workforce.
North Texas homes seem to be beginning to moderate, however. Sales are starting to slow down a bit helping to normalize the market.
Real Estate Center numbers are showing that homes are taking, on average, 42 days on the market to sell. The number of homes available to purchase is still low, though, sitting at a 2.5 month supply. That is approximately half of what is a normal amount.
What does this mean for you as a homeowner?
This could mean you should list your market for sale immediately to both help increase the supply and garner a higher selling price.
If you are anxious to move and sell because of a new job or another opportunity you may want to consider a cash offer on your home.
It is difficult to firmly predict what is coming in the housing market in Texas. With the recent natural disasters that have severely affected the area, how will that translate to market value for homes across the state?
Luckily we keep a tight eye on the real estate market across different parts of Texas, to see if we are currently operating in your area contact us. We are happy to help.
We at National Cash Offer love serving the Texas real estate market. If you or someone you know in Texas may be interested in selling their house or home fast for a fair cash offer today, please call us at (877) 990-7774 or email us at firstname.lastname@example.org to see how we can help you by purchasing your home or property.