Video: Real Estate Community Tour for Westlake, TX
See Real estate community tour for Westlake, TX
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 7% from one year earlier, and up 16% 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 2.3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 81%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 1.3-million dollars. The number of units sold decreased 80% year-over-year, and decreased 83% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better 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.