Coppell/Grapevine Real Estate Market Update Sept. 2018

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Real Estate Agent with Keller Williams Luxury Homes 0546263
https://activerain.com/droplet/5flh

Coppell/Grapevine Real Estate Market Update Sept. 2018

 

Now that our little ones are back in the classroom I thought it a good time to compose an update of the real estate market for  Coppell/Grapevine and surrounding areas.  Typically we see an increase in activity during the summer months as folks are busy moving and making necessary changes prior to the new school year.  This summer, however, was a little slower than normal.  While school was adjourning for summer break, agents noticed the market slowing rather than picking up.  Fortunately we are finally seeing an increase in inventory but we're not having as many showings and/or multiple offers on our listings and days-on-market are increasing. 

 

With the thousands of people relocating to our area for employment with companies such as Toyota, Samsung, Kubota, Liberty Mutual, Hilti, Huawei and McKesson Pharmaceuticals you'd think we would be seeing our 'normal' summer activity.  Everywhere you drive you see builders erecting new homes and apartments.  I'm really amazed at the number of apartments currently being built.  This makes me wonder if the majority of people relocating are opting for temporary housing until they are settled in their new jobs and have a better understanding of the area and where they'd like to settle.   

This graph reflects the number of homes sold and active inventory.  We usually see Grapevine and Coppell with nearly identical stats; but, that's not currently the case. This tells us that we're still barely in a seller's market but are transitioning into a buyers market!  Finally!

debbie gill

debbie gill

debbie gillCoppell/Grapevine Real Estate Market Update Sept. 2018

Posted by

Debbie Gill, Realtor

GRI, ABR, C.D.P.E., SRES, NHS

 (972)877-6147

Keller Williams DFW Preferred

546 E. Sandy Lake Rd., Coppell, Tx 75019

www.DebbieSellsDFW.com 

debbiegill@kw.com

 
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Rainmaker
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Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Thanks for updating us on what’s happening to current home and condo values in your real estate market. 

Sep 19, 2018 01:49 AM #1
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Rainmaker
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Debbie Gill

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