Enjoy this Wichita Falls Real Estate Market Report for June 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 Real Estate Market Sizzles With Summer Heat
Here is a look at the Wichita Falls Real Estate Market for July 2017. According to a report released on July 14th by the Wichita Falls Association of REALTORS® (WFAR) June 2017 saw 178 single family homes sold in June up from 175 homes sold in June 2016. This is a 2% increase in home sales year over year while the average price increased 5%.
If you've been following the market reports, then obviously you are aware that this trend of lower inventory and increasing prices has maintained a steady pace this entire year.
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 June 2017:
- 178 Sales Closed -- Up from 175 in June 2016
- 207 Homes were In Contract expected to close soon
- 254 New Listings went on the market
- Average Days on Market (DoM) = 50
- Active Listings = 565
- Month's of Inventory = 3.2 Months
In the last 2 months there have been 113 Expired Listings.
The trend in median price is increasing with an increase in home sales.
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