Denton County Real Estate Market Update

It is hard to know  what the truth about the real estate market is based on the national news and media. I am here to educate you on your particular market in Denton County. This area includes: Flower Mound, Lewisville, Highland Village, Lantana, Shady Shores,Hickory Creek, Denton, Lake Dallas, Corinth, Argyle, Aubrey, Bartonville, and Carrollton. 

Here are the statistics after April:

Average price per sq foot: $91 (down only 6% from last year)

Sold to List Price: 97% (down only 1% from last year)

Pending Sales: 256

Average Days on the Market: 71 days

New Listings: 627

Active Listings: 1795 (only down 6% from last year!)

Months Supply of homes: 5.1 (only up 8% from last year)

Conclusion: The Denton County Market is still hanging in there!  It is a buyer's market but historically Texas has always been mainly a Buyer's Market.  Homes are still selling for a high price per square foot and a high percentage of the list price. 

I would love to help you understand the market better in your specific subdivision.  Please call me if you would like a market update that is more zoned in on your home or if you would like explanation of how this affects you as a buyer in a specific market.

Thanks and Have a wonderful day!

Natalie Briley 214 395 0588 (Business Cell)

RE/MAX DFW ASSOCIATES IV

LICENSED AGENT FOR THE SUZY BRITZ TEAM