In spite of the doom and gloom we are hearing these days on the news every day, this could not be a better time to purchase a home in Celina, TX. If you're an existing home owner in Flower Mound, maybe uncertain about selling, you'll find the current market is extremely active with serious buyers.
If you're looking to buy a home, there is about 5 months supply of new listings, a stable price market and better interest rates than we've seen in some time.
If you're currently renting and haven't yet ventured into Celina, TX home ownership, we've provided suggestions below that could help with your decision.
Celina Real Estate Stats
We know this is a great time to purchase real estate in Celina, but don't take our word for it, here are the current stats for August 2019.
There is a great selection of homes on the market, and offered by motivated sellers. Sellers are receiving an average of 94.0% of the list price for single-family homes.
Average prices have decreased slightly: 1.3% since August 2018 for single-family homes. This is enough to demonstrate a stable buyers market without any ridiculous price spikes. Celina homes are remaining on the market for about 90 days on average, which is not great for sellers and indicates a gradual shift in the market.
North Texas Overall Market
The numbers above are specific to city of Celina. The graphic below shows the current state of residential real estate in North Texas for month of August 2019
Texas Mortgage Rate Trends
Current rates in Celina, Texas are 3.65% for a 30 year fixed loan, 3.0% for a 15 year fixed loan and 3.0% for a 5/1 ARM.