Tarrant Market Trends | Market Analysis | Keller TX 76248 | Sept. 2011
Continuing our monthly series on Tarrant County Real Estate Market Trends, this week we are looking at Keller, (TX) Texas 76248. Please come back often to stay abreast of the current market conditions in your area.
Price Trends - Sold vs. Listed
- Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
- By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
- You should notice the drop off in the sold price in green compared to the list price in blue, this really emphasizes the importance of pricing your home correctly when putting it on the market.
(Some sales are not immediately available from public records. As they become available, the data are updated.)
Market Inventory Trends
- Review the inventory and health of the market by looking at the number of sold and listed properties.
- To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
- Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
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Sold: Properties sold that month
New: Listings that are new on the market
Distressed: Listings that are short sales, bank owned, or up for auction.
Standard: Non-distressed listings
Property Ownership
- This chart shows home occupancy within an area.
- A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
- High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
- You can tell from viewing this particular graph that Keller TX has a healthy % of home ownership.
- Even though the lease market is pretty popular right now, the overwhelming majority is home ownership, and with the interest rates at their lowest point in the last 50 years, there has never been a better time to buy a home than right now. These interest rates will not stay down forever.
Here are some additional statistics for Single Family Homes and Condos in Keller (TX) Texas 76248:
- Median List Price: $353,170.00
- Median Days on Market: 77
- Active Listings: 298
- Distressed Listings (foreclosures and short sales) (not available here, contact us directly for more information on these type of properties)
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