REAL ESTATE MARKET STATISTICS – MARKET WATCH
What happened in Wylie TX Real Estate – February 2019
It is still a Seller’s Market in Wylie Texas! Anytime there are less than 6-months of inventory available for purchase it is considered a Seller’s Market because there are more buyers than there are homes available for sale. This means that homes are selling more quickly and usually for top dollar. Currently we have 2 months of inventory in Wylie TX.
Here’s a recap of what the real estate market in Wylie TX was doing in February 2019.
Inventory is up slightly: In February 2019 there were 238 homes available for sale. That’s up 8.2% compared to February 2018 when we had only 220 homes for sale in Wylie, Texas.
Homes are selling not selling as fast: Last year the average time to sell a home was 39 days on the market. In February 2019 the average time is 64 days on the market.
Prices are still climbing: In February 2018 the median sales price of homes in Wylie was $290,000….but in February 2019 the median sales price was $315,000. That’s a price increase of 8.6%
Buyers are still getting loans locked with 4-5% interest rates for 30-yr fixed rate mortgages. Home buyers in Wylie Texas are looking for a home to purchase, and when they find one that is well-maintained and priced right – they are buying them.
If you are considering buying or selling a home in Wylie, now is the time to move. Call our Team TODAY at 469-759-3899. Let us show you how we can help you achieve your goals together.