Homes for Sale in Southlake, Texas
Looking for a home in Southlake, Texas?
Because of Southlake's affluence and desirability, the price point is higher than it is in Keller, Texas. (Search here for homes for sale Keller, Texas) The median price--price at which as many homes sold below that point as above that point--in Southlake for 2013 was $550,000.
As of this moment, home prices of available homes broke out in the following way:
- Up to $350,000, 7 homes were available for sale.
- From $351,000 to $550,000, 23 homes were available for sale.
- From $551, 000 to $750,000, 30 homes were available for sale.
- From $751,000 to $950,000, 19 homes were available for sale.
- From $951,000 to $1.2 million, 19 homes were available for sale.
- From $1.2 million to $2 million, 20 homes were available for sale.
- In excess of $2 million, 10 homes were available for sale.
For buyers shopping under $799,000, the months of supply hovers between one and two months. For those searching above $799,000, the market is more normal at approximately five months. As mentioned previously, conventional real estate wisdom holds that with a six month supply of homes, buyers and sellers are entering the market in equal numbers. When the number of months supply decreases, the market becomes a seller's market.
What does this mean for someone considering listing their home? Sell now. Before the recession, experienced Realtors were able to reliably predict the direction of the market in various cities and could better predict when to release a home for sale to the market. However, the landscape has changed, and a single event can transform the real estate market quickly. Sellers should take advantage of the low inventory to sell quickly and at the best price.
Whether it's selling your home or finding a new one, we have designed this site so that you can quickly and easily locate the information you are looking for. The Grove Team's client-centered approach results in the best possible outcome for you. Please contact us now to begin the process of achieving your dreams in home ownership.
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