Wichita Falls Real Estate Market Report - March 2017

Enjoy this Wichita Falls Real Estate Market Report for March 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market.

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 March 14th by the Wichita Falls Association of REALTORS® (WFAR) there were 117 single family homes sold in February up from 115 homes sold in February 2016.  This is a 2% 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 north Texas counties: Archer, Clay, Young, Wichita and Wilbarger.  In this area for the month of February 2017:

• 117 Sales Closed -- Up from 115 in February 2016
• 197 Homes were In Contract expected to close soon
• 188 New Listings went on the market
• Average Days on Market (DoM) = 81
• Active Listings = 541
• Month's of Inventory = 4.6 Months

In the last 6 months there have been 148 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?  Read more on our Blog