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.
Southlake Texas Real Estate Activity For March 2016 vs. March 2015
28 homes sold in March 2016 in Southlake, Texas. This is 14 fewer homes than the 42 homes that closed in March 2015.
- The average sale price for the homes that closed in March 2015 was $782,319.
- The average sale price for the homes that closed in March 2016 was $737,606.
- The average market time (aka Days on Market) for the homes that closed in March 2015 was 105 days.
- The average market time (aka Days on Market) for the homes that closed in March 2016 was 68 days.
- The total amount of volume for the homes that closed in March 2015 was $32,857,398.
- The total amount of volume for the homes that closed in March 2016 was $20,652,968.
Homes Under Contract For March 2016
There were a total of 91 homes under contract or sale pending through March 31st, 2016. The average market time for these homes was 48 days. The average list price for the homes under contract was $881,715.
Current Southlake Texas Homes For Sale Inventory Levels
There are currently 185 homes on the market in Southlake Texas. The average list price is $1,071,789. The average market time for these homes is 110 days. The market absorption rate as of April 1st, 2016 was 6.61. This means that if no other homes came on the market in Southlake, it would take 6.61 months to deplete the remaining homes on the market. This is considered a “normal” market.
Get an Advantage
How can both buyers and sellers have an advantage in the Southlake Texas real estate market? Employ the services of a local Southlake real estate agent who has vast knowledge and experience of the market.
Find Southlake Homes for Sale
For a complete list of available real estate in Southlake Texas, visit Southlake Homes for Sale. Make sure to subscribe to my blog so you don’t miss out on any Southlake homes. Click here to find out what your Southlake Texas home is worth and to discuss your housing needs.
Special Events in Southlake – April 2016
Saturday, April 16 – Park Village Grand Opening – featuring the Gin Blossoms!! Where else but here will you have so much fun celebrating the opening of additional retail, in a place where retail already rocks!?!?
Friday, April 22 – Sunday, April 24 – Art in the Square at Southlake Town Square — This is a fantastic community event that offers fun for the entire family. Visit the Briggs Freeman Sotheby’s International Realty Booth for information about local homes for sale.
The above information regarding the “Southlake 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.