Hi everyone, I’m Marie Walton, your local REALTOR® with Ebby Halliday REALTORS, here to give you a market update for August 2024 in Flower Mound, Texas.
Currently, we have a 3.39 Months Supply of Inventory in Flower Mound. This means that if no new homes were listed, it would take 3.39 months to sell all the current homes on the market. Over the last 12 months, we’ve seen a 40.66% increase in Months Supply of Inventory, which could indicate a shift in the market. 6 months is considered a balanced market, so you can see we are only about halfway there.
The List to Sold Price percentage in Flower Mound is currently at 98.2%. This means that on average, homes are selling for 98.2% of their list price. This is a great indicator of a strong seller’s market.
The median days on market in Flower Mound is 22 days. This is a relatively quick turnaround time, showing that homes are selling fast in this area.
And finally, the median sold price in Flower Mound is $647,500. This is a strong indicator of the overall value of homes in this area.
Thank you for tuning in to this market update for Flower Mound, Texas. If you’re thinking about buying or selling a home in this area, feel free to reach out to me for more information. Have a great day!
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Marie Sells Dallas 