If you're wondering how the Housing Market is doing, you're not alone ... it's actually a question I get a lot! Ladies and Gentlemen, the summer Housing Market is in full swing and no matter where you live in the Dallas-Ft Worth Metroplex, the market is already better than last year!
So what do I mean by that? Prices are steadily increasing and Houses are going to Contract quicker! This is likely due to the increase of business moving their headquarters here, thus bringing more Buyers. If you're contemplating SELLING your home, now really is a great time! As a BUYER, the Mortgage Rates are still relatively low and requirements are loosening up a bit.
Below are the Numbers of how the Housing Market was May for cities in the Lake Ray Hubbard and surrounding area.
Garland Housing Market stats:
- 257 Homes Listed for Sale in May and 192 SOLD during May!
- The Median (mid-point) Sales Price for
Garland
,TX Homes for Sale was $186,750! - Average of 22 Days on market!
- Compared to 2016 that had a $170,000 Median Sales Price and 30 Days on market!
Rowlett & Sachse Housing Market stats:
- 171 Homes Listed for Sale in May and 121 SOLD during May!
- The Median (mid-point) Sales Price for Rowlett & Sachse,TX Homes for Sale was $239,000!
- Average of 19 Days on market!
- Compared to 2016 that had a $224,250 Median Sales Price and 23 Days on market!
Rockwall Housing Market stats:
- 322 Homes Listed for Sale in May and 203 SOLD during May!
- The Median (mid-point) Sales Price for Rockwall,TX Homes for Sale was $282,000!
- Average of 39 Days on market!
- Compared to 2016 that had a $264,500 Median Sales Price and 33 Days on market!
Wylie Housing Market stats:
- 172 Homes Listed for Sale in May and 129 SOLD during May!
- The Median (mid-point) Sales Price for Wylie,TX Homes for Sale was $273,200!
- Average of 41 Days on market!
- Compared to 2016 that had a $265,000 Median Sales Price and 43 Days on market!
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