If you are looking for one of the strongest SELLER'S MARKETS in the Dallas-Fort Worth area, then you are looking for The Colony, TX. The December 2012 statistics are rediculously in favor of the seller in The Colony, and 2013 should only make those numbers grow.
The Colony, TX Real Estate Statistics - Year over Year
The following statistics for The Colony real estate is a comparison of full year statistics for 2012 vs 2011. Overall in 2012, 491 homes were sold in The Colony, TX, up 28% from 2011. The average sales price remained fairly stable, growing 1% to 151,445. The average days on market in 2012 was 57 days, down 23% compared to a year ago. Available inventory dropped by 52%, leaving only 2.5 months worth of inventory. This indicates a STRONG SELLER'S MARKET in The Colony, TX.
The Colony, TX Real Estate Statistics - Month over Month
The following statistics for The Colony real estate is a comparison of December 2012 numbers compared to December 2011. In December 2012, there were 27 homes sold in The Colony, up 4% from a year ago. The average SOLD price for The Colony homes for sale was $201,209, up a whooping 14% over the same time in 2011. Looking to sell your home? The average days on market is only 36 days, down over 57%. The Colony real estate market has certainly improved, and currently there are only 1.2 months worth of inventory as the number of available homes for sale in The Colony has dropped by 2/3rds. This indicates a STRONG SELLER'S MARKET in The Colony, TX.
The Colony, TX Real Estate Statistics - What Does It Mean?
The month over month figures here are significant. December is typically the slowest month in real estate because of the holidays, however The Colony not only improved during the month of December, but had an amazing month. If this is any indication of how 2013 is going to go (which I think it is), The Colony, TX will be a smoking hot market with buyers beating down doors to buy these homes.
If you have considered selling your home in The Colony, give us a shout. We would love to show you our innovative marketing plans and show you how we will get your home sold in the shortest possible time for the most possible money. Don't know if you are ready yet? Find out what your home is worth for free.
This post was written using the tips in the webinar Hitting The Mark With Links in Active Rain University.
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