May Housing Reports for North Texas say WOW!
You’ll be saying WOW, too, when you see these GLAR Housing Reports*! Median Prices for North Texas communities continue rising! This makes sense, as housing shortages and continued influxes of new jobs are making North Texas a very popular area in which to live. Check it out:
Master Planned Community Lantana continues to be a popular market in our area, with median prices up 6.4% compared to this time a year ago. With only 3.7 months of inventory, and closed sales up 44.4%, Lantana is a very desirable location for buyers.
Flower Mound also remains a hot market, and median prices reflect its popularity, having risen 8.9% from this time a year ago. Days on Market have dropped slightly from May 2017, but Months of Inventory are up (2.9% compared to 2.1% last year).
Double Oak is nestled between Lantana and Flower Mound, and is also a highly desirable area for house-buyers, especially if large lots and mature trees appeal to you. Median prices are up 6.6% from a year ago, homes are selling slightly faster than a year ago (4 days less on market) and the months of inventory-on-hand are down.
*Housing Market Reports are compiled by Greater Lewisville Association of Realtors (GLAR) and based on data from the Texas REALTOR® Data Relevance Project.
Information provided by The Seay Realty Group, dedicated to service and exceeding your expectations. Call us today!
