Real Estate Market Update for Farmers Branch, TX

Video: Real Estate Community Tour for Farmers Branch, TX

See Real estate community tour for Farmers Branch, TX
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 29% from one year earlier, and up 28% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 43%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 260-thousand dollars. The number of units sold increased 4% year-over-year, and decreased 3% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Farmers Branch, TX
School Data for Farmers Branch, TX

School Name Distance Type Grades School Rating Parent Rating
Early College High School 0.9 mi Public 9-12 5 4
William L Cabell Elementary School 0.9 mi Public PRESCHOOL-5 1 0
Blair Elementary School 1.1 mi Public K-5 1 0
Parish Episcopal School 1.2 mi Private PRESCHOOL-12 0 0
Mclaughlin Strickland elementary School 1.2 mi Public K-2 1 0
Tom C Gooch Elementary School 1.4 mi Public PRESCHOOL-5 3 0
Mary Immaculate Catholic School 1.4 mi Catholic K-8 0 0
Thomas C Marsh Middle School 1.5 mi Public 6-8 0 2
Farmers Branch Elementary School 1.5 mi Public PRESCHOOL-5 3 3
Stark Elementary School 1.5 mi Public PRESCHOOL-5 4 0
Vanguard Preparatory School 1.5 mi Private PRESCHOOL-12 0 0
Field Middle School 1.7 mi Public 6-8 2 3
Dallas Can Academy At Carrollton-f 1.8 mi Public 9-12 0 0
The Westwood School - High School Campus 1.8 mi Private 9-12 0 0
The Westwood School - Main Campus 1.8 mi Private PRESCHOOL-8 0 0
Nathan Adams Elementary School 2.1 mi Public PRESCHOOL-5 3 0
W T White High School 2.1 mi Public 9-12 2 3
St Rita Catholic School - Dallas 2.7 mi Catholic K-8 0 0
Jesuit College Prep School 2.7 mi Catholic 9-12 0 4
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
Local Weather for Farmers Branch, TX
    Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.