The latest numbers are out for May 2021! Here in our Denton County, we saw 23.1% increase in median price compared to May 2020! That is huge and an indicator of this hot market. Active listings were down over 65% compared to last year as well. Closed sales increased by 22%. The combination of reduced inventory and more purchases contributes to the less than 1 month of inventory currently.
We are in a strong sellers market with lower days on market, less listing competition, and higher sales prices than ever before. If you were thinking of selling, down-sizing or upgrading, it is still an excellent market to do so! If you would like to see what your home is worth in today's market, give us a call today at (214) 449-1022 or hop over to our "What's Your Home Worth" page for a quick and free report!
As a Buyer there are several questions you should ask if the home you’re considering is located in an area with an HOA, or “Homeowners Association”. Also, learn about the new Texas HOA reform laws that went into effect September 1, 2021.