Here’s what you need to know about how the 2019 market performed and what experts are saying about 2020.
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Today we’re discussing the 2019 annual housing report as released by the Metrotex Association of Realtors.
In 2019, we saw the median sales price continue to rise, ending the year up 3.2% from 2018 at $273,500. Also strengthening our market was an increase in active listings, up 13.7% from 2018 to 24,945.
In 2019, we saw the median sales price continue to rise, ending the year up 3.2% from 2018 at $273,500. Also strengthening our market was an increase in active listings, up 13.7% from 2018 to 24,945.
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Strengthening our market was an increase in active listings, up 13.7%.
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Closed sales were up 3% at 103,189. The months’ supply of inventory held relatively steady at 2.3, while the average days on market increased by 19% to 50 days.
Overall, these numbers indicate that the local market was strong last year, and most experts agree that 2020 will be similar.
Overall, these numbers indicate that the local market was strong last year, and most experts agree that 2020 will be similar.
If you have any further questions about the health of our market, or you’re interested in buying or selling a home, I’d love to hear from you. Comment below or reach out via email or phone anytime.
