North Texas Home Sales Remained Strong Through the End of 2012

            As North Texans celebrated the end of 2012, home sales remained strong in December.

            According to data from the North Texas Real Estate Information Services, closed sales in December 2012 were up 7.2 percent over December 2011. With more than 5,800 sales closed and another 5,000 pending, that’s good news for those thinking about selling their homes.

            And they’re moving faster and at a higher price than the same time in 2011.

            The median sales price in December 2012 was $162,472, up 10.2 percent from December 2011, when the median sales price was $147,500.

            Days on the market dropped. 21.4 percent in December, meaning buyers were snapping up inventory much faster than the previous year.

            If you’re thinking about selling, now is the time. There’s only a 3.9 month supply of home on the market. That means that the market has only two-thirds the inventory it needs to meet the market demand.

           

            Want to know more? Drop me a note at lynn.windle@coldwellbanker. I will provide you a free, customize comparative market analysis so you can make informed decisions about your home investment.