Wichita Falls Real Estate Market Report March 2018

Enjoy this Wichita Falls Real Estate Market Report for this month.  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 February 2018 Sales up 14% Year over Year

Here is a look at the Wichita Falls Real Estate Market for March 2018.  According to a report released on March 13th by the Wichita Falls Association of REALTORS® (WFAR), February 2017 saw 133 single family homes sold, up from 117 homes sold in February 2017 while the average price decreased 9% to $112,992 from $123,713 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 January 2017:

• 133 Sales Closed -- Up 14% from 117 in January 2017
• 190 Homes were In Contract expected to close soon
• 177 New Listings went on the market
• Average Days on Market (DoM) = 74
• Active Listings = 416
• Month's of Inventory = 3.1 Months

In the last 3 months there have been 173 Expired Listings.

What Does This Data Mean?