What happened in Wylie TX Real Estate – January 2013
It is still a STRONG Seller’s Market in Wylie 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. Currently we have 1.9 months of inventory in Wylie TX.
Here’s a recap of what the real estate market in Wylie TX was doing in January 2013.
Inventory is DOWN: In January 2013 there were only 155 homes available for sale in Wylie Texas. This is down 44% from January 2012.
Homes are selling FAST: Last year the average time to sell a home was 129 days on the market. In January 2013 the average time is 72 days on the market – that’s a 44% drop in the time it takes to sell.
STRONG Seller’s Market: Current inventory shows only a 1.9 month supply of homes available for sale. 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 Wylie 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 Wylie, 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.
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