Wichita Falls Real Estate Market Report - Feb 2017
Wichita Falls Housing Market Starts with a Bang in 2017
Here is a look at the Wichita Falls Real Estate Market for February 2017. According to a report released on February 13th by the Wichita Falls Association of REALTORS® (WFAR) 2017 began with 117 single family homes sold in January up from 80 homes sold in January 2016. This is a 46% increase in home sales year over year while the average price remained constant.
A Look at Housing Stats
The Wichita Falls Association of REALTORS® (WFAR) covers 5 counties: Archer, Clay, Young, Wichita and Wilbarger. In this area for the month of January 2017:
- 117 Sales Closed -- Up from 80 in January 2016
- 173 Homes were In Contract expected to close soon
- 200 New Listings went on the market
- Average Days on Market (DoM) = 76
- Active Listings = 551
- Month's of Inventory = 4.7 Months
In the last 6 months there have been 133 Expired Listings.
The trend in median price is relatively flat indicating that even though there has been an increase in home sales, the market has not seen a corresponding increase in prices.
What Does This Data Mean?
To read more find the full article at http://lockhartrealestateteam.com/wichita-falls-real-estate-market-report-february-2017/