Wichita Falls Real Estate Market Report - September 2017
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Wichita Falls Housing Market Remains Strong through 2017
Here is a look at the Wichita Falls Real Estate Market for September 2017. According to a report released on September 14th by the Wichita Falls Association of REALTORS® (WFAR) August 2017 saw 176 single family homes sold in August down from 177 homes sold in August 2016 while the average price dropped to $129K from $143K the year prior. Homes for sale in Burkburnett TX are also strong indicating that sales throughout the region continue to look up.
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:
- 176 Sales Closed -- Down from 177 in August 2016
- 164 Homes were In Contract expected to close soon
- 222 New Listings went on the market
- Average Days on Market (DoM) = 63
- Active Listings = 579
- Month's of Inventory = 3.3 Months
In the last 6 months there have been 306 Expired Listings.
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