Video: Real Estate Community Tour for Terrell Hills, TX
See Real estate community tour for Terrell Hills, 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 up more than 125% from one year earlier, and up 27% 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 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 94%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 440-thousand dollars. The number of units sold was consistent year-over-year, and increased 33% month-over-month. These latest figures could 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.