Custom Real Estate Blog

Everything has changed in real estate over the past 3 full months.  So how have the rising interest rates affected Lewisville, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 350k to 500k range.  That makes sense, as the majority of buyers are searching for homes in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Days On Market, or DOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the DOM needs to be in the 15-30 day range.   The homes in the  350k to 500k range  had to wait around 23 days to find buyers. Let's break down what's happening in each price range. $250-300k The 16 or so sales took 14 days to sell (on average).  This is more about the price of these properties combined with their condition.  The average age of these homes was 1

 Everything has changed in real estate over the past full 3 months.  So how have the rising interest rates affected Plano, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 400k to 600k range.  That makes sense, as the majority of 'move-in ready' homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Days On Market, or DOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the DOM needs to be in the 15-30 day range.   The homes in the 400-600k price range had to wait around 27 days to find buyers. Let's break down what's happening in each price range. $350-400k The 68 or so sales took over 25 days to sell (on average).   The average build date of these homes was 1982 and the average size was 1,888 sqft.    So plenty of buyer demand

Everything has changed in real estate over the past 3 full months.  So how have the rising interest rates affected Garland, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 250k to 350k range.  That makes sense, as the majority of buyers are searching for homes in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Days On Market, or DOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the DOM needs to be in the 15-30 day range.   The homes in the 250-350k price range had to wait around 25 days to find buyers. Let's break down what's happening in each price range. $200-250k The 55 or so sales took over 23 days to sell (on average).  This is more about the age/condition of the properties than the number of buyers willing to purchase in this price

Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected Little Elm, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 350k to 600k range.  That makes sense, as the majority of 'move-in ready' homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.   The homes in the 350-600k price range had to wait around 45 days to find buyers. Let's break down what's happening in each price range. $300-350k The 21 or so sales took over 45 days to sell (on average).  This is more about the condition of the properties than the number of buyers willing to purchase in t

 Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected McKinney, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 400k to 600k range.  That makes sense, as the majority of 'move-in ready' homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.  The homes in the 400-600k price range had to wait around 35 days to find buyers. Let's break down what's happening in McKinney price ranges. $300-350k The 20 or so sales took over 45 days to sell (on average).  This is more about the condition of the properties than the number of buyers willing to purchase i

 Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected the buying and selling of homes in Frisco, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening in the 400k to 600k range.  That makes sense, as the majority of homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.   In the 400-600k price range (the busiest), it took an average of 38 days to find a buyer.  Oh my. Let's break down what's happening in Frisco price ranges. $350-400k The 20 or so sales took about 41 days to sell (on average).  What's driving this is more about the condition of these properties