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 May 2016 vs. May 2015
129 homes sold in May 2016 in Flower Mound, Texas. This is 18 fewer homes than the 147 homes that closed in May 2015.
- The average sale price for the homes that closed in May 2015 was $394,579.
- The average sale price for the homes that closed in May 2016 was $415,668.
- The average market time (aka Days on Market) for the homes that closed in May 2015 was 40 days.
- The average market time (aka Days on Market) for the homes that closed in May 2016 was 38 days.
- The total amount of volume for the homes that closed in May 2015 was $58,003,113.
- The total amount of volume for the homes that closed in May 2016 was $63,621,172.
Homes Under Contract For May 2016
There were a total of 199 homes under contract or sale pending through May 31, 2016. The average market time for these homes was 50 days. The average list price for the homes under contract was $467,664.
Current Flower Mound Texas Homes For Sale Inventory Levels
There are currently 221 homes on the market in Flower Mound. The average list price is $735,091. The average market time for these homes is 94 days. The market absorption rate as of May 31, 2016 was less than 2. This means that if no other homes came on the market in Flower Mound, it would take less than 2 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 &/or Sell Your Flower Mound Home
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.
Special Events in Flower Mound – June 2016
Take advantage of all of the events our wonderful Parks & Recreation Department has planned for our community this summer. Find details and schedules here.
Saturday, June 11, 7am – 7pm * Celebrate the Community Activity Center’s Birthday Bash! Details here.
Saturday, June 25, 7-9pm * Walkin’ the Line (Johnny Cash Tribute Band) * The Shops at Highland Village Summer Concerts * Details
Plan Ahead for Flower Mound July 4th Events!
Business Spotlight – Amber Michelle Salon
As a resident of Lakeside DFW, I absolutely love all of the businesses within walking distance to my home!! The location is convenient for all FloMo residents, and it offers a variety of restaurants, retail and entertainment. Several Lakeside DFW neighbors enthusiastically referred me to Amber Michelle Salon and I’m so glad they did. Amber and her team do great hair – and they do so professionally and personally. If you’re looking for a local salon, I highly recommend them!
For more information about other news and events in Flower Mound, click here and subscribe to email updates.
The above information regarding the “Flower Mound Texas Real Estate Market Recap – May 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.