Wichita Falls Real Estate Market Report - August 2017

Enjoy this Wichita Falls Real Estate Market Report for August 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.

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Wichita Falls Housing Market Remains Strong in 2017

Here is a look at the Wichita Falls Real Estate Market for August 2017.  According to a report released on August 14th by the Wichita Falls Association of REALTORS® (WFAR) July 2017 saw 149 single family homes sold in January down from 172 homes sold in July 2016 while the average price rose to $150K from $139K the year prior.

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 July 2017:

• 149 Sales Closed -- Down from 172 in July 2016
• 186 Homes were In Contract expected to close soon
• 219 New Listings went on the market
• Average Days on Market (DoM) = 65
• Active Listings = 569
• Month's of Inventory = 3.8 Months

In the last 6 months there have been 421 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?