Real estate activity for the Dallas/Fort Worth area has been hot hot hot for the past 4 years! Home prices are rising all over the metroplex as noted here, Averages are great, but it’s ideal to focus on specific communities.
Flower Mound Texas Real Estate Activity For March 2016 vs. March 2015
121 homes sold in March 2016 in Flower Mound, Texas. This is 29 more homes than the 92 homes that closed in March 2015.
- The average sale price for the homes that closed in March 2015 was $391,082.
- The average sale price for the homes that closed in March 2016 was $386,515.
- The average market time (aka Days on Market) for the homes that closed in March 2015 was 53 days.
- The average market time (aka Days on Market) for the homes that closed in March 2016 was 47 days.
- The total amount of volume for the homes that closed in March 2015 was $35,979,544.
- The total amount of volume for the homes that closed in March 2016 was $47,311,726.
Homes Under Contract For March 2016
There were a total of 134 homes under contract or sale pending through March 31st, 2016. The average market time for these homes was 43 days. The average list price for the homes under contract was $479,208
Current Flower Mound Texas Homes For Sale Inventory Levels
There are currently 214 homes on the market in Flower Mound, Texas. The average list price is $792,965. The average market time for these homes is 105 days. The market absorption rate as of April 1st, 2016 was 1.76. This means that if no other homes came on the market in Flower Mound, it would take 1.76 months to deplete the remaining homes on the market. This is considered a “seller’s” market.
Get an Advantage
How can both buyers and sellers have an advantage in the Flower Mound Texas real estate market? Employ the services of a Flower Mound agent who has vast knowledge and experience in the market.
Find Flower Mound Homes for Sale
For a complete list of available real estate in Flower Mound Texas, visit Flower Mound Homes for Sale. Make sure to subscribe to my blog so you don’t miss out on any Flower Mound homes. Click here to find out what your Flower Mound Texas home is worth and to discuss your housing needs.
Flower Mound Matters – April 2016
Here’s a great resource for Fun & Free things to do around Flower Mound
April 27, 2016 –Truck Rodeo at Flower Mound Library – From 3 – 4:30pm, see Town vehicles from the Parks, Streets, Animal Control, Fire and Police Departments up close in the Library parking lot. Operators will be available to answer questions and let children sit in the driver’s seat. All ages are welcome.
The above information regarding the “Flower Mound Texas Real Estate Market Recap – April 2016” was provided by Nicole Smith with Briggs Freeman Sotheby’s International Realty. Nicole has over 20 years of experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, she’d love to share her knowledge and expertise.