Video: Real Estate Community Tour for Westlake, TX
See Real estate community tour for Westlake, TX
Welcome to July's Market Update. Lets take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 31% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was 2.5-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 800%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 2.2-million dollars. The number of units sold increased 200% year-over-year, and decreased 40% 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.