Parker TX Real Estate – Murphy TX Real Estate
Real Estate Market Report for January 2013
It is still a STRONG Seller’s Market in Parker Texas & Murphy Texas!!! Anytime there are less than 6-months of inventory available for purchase it is considered a Seller’s Market because there are more buyers than there are homes available for sale. This means that homes are selling more quickly and usually for top dollar.
Here’s a recap of the real estate market in Parker TX & Murphy TX for January 2013.
Inventory is down: The number of homes available for sale in Parker & Murphy Texas is down 12.7% from January 2012.
Homes are selling quickly: Last year the average time to sell a home was 148 days on the market. In January 2013 the average time is 97 days on the market – that’s a 34.3% drop in the time it takes to sell.
Home prices are rising: The average homes sales price in Parker & Murphy, Texas is $335,233 as of January 2013. This is an increase of 1.5% from last year. Please note this is the average for all homes sold across both cities.
Contracted & Closed sales are up: The total number of homes under contract is up 50% from January 2012, and the projected closed sales are up 58.1% from January 2012 to January 2013.
STRONG Seller’s Market: Current inventory shows only a 3 month supply of homes available for sale (that’s down 29.9% from January 2012). A balanced market is a 6 month supply (and a buyer’s market is anything over 6 months supply).
Buyers are still getting loans locked with 4% or less interest for 30-yr fixed. Home buyers in Parker & Murphy Texas are looking for a home to purchase, and when they find one that is well-maintained and priced right – they are making their purchase offers quickly.
If you are considering selling your home in Parker or Murphy, now is the time to move. Call me TODAY at 214-418-0180. Let me show you how we can help you achieve your goals together.
Comments(0)