Real Estate Market Update for
Possum Kingdom Lake, TX
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Welcome to your monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was up 3% from one year earlier and up 11% from the previous month This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month... was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 63% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. Meanwhile, The median sale price was 400-thousand dollars. Overall, The number of units sold was consistent year-over-year and Decreased 10% month-over-month Fewer sales may have indicated an opportunity for buyers to negotiate better sales terms. 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.