How’s The Southlake Market?

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April 2021

SALES PRICE

$1,234,804 | +16.3%

PRICE PER SQ. FT.

$247 | +16.0%

DAYS ON MARKET

40 | -36.5%

CLOSED SALES

30 | -9.1%

NEW LISTINGS

35 | -49.3%

MONTHS SUPPLY

0.8 | -71.4%

SOURCE: NTREIS MLS, March 2021 vs. March 2020.

All stats are averages unless otherwise noted.

The North Texas real estate market is among the top 10 in the nation, outperforming the national average in many of the metrics listed on the front. For every one new listing hitting the market, you have 1.5 homes going under contract. This creates a bit of good news for anyone considering putting their home up for sale.

As you can see in Southlake, prices are up, the time it takes to sell a home is down and inventory of homes for sale in our area is way down. You may be surprised what your home is worth in this market. Today, it’s possible to walk away from the closing table with even more money to invest in your next home than this time last year. Combined with historically low mortgage rates, you could find yourself in a really sweet spot.

If you’re interested (maybe a little hesitant, too) in upgrading, downsizing or moving elsewhere, I’d love the chance to talk strategy with you. Contact me today!