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 Colleyville, TX. If you're an existing home owner in Colleyville, 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 3.5 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 Colleyville home ownership, we've provided suggestions below that could help with your decision.
Colleyville Real Estate Stats
We know this is a great time to purchase real estate in Colleyville, 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 95.9% of the list price for single-family homes.
Stable Real Estate Market in Colleyville
Average prices have increase slightly: 4.7% since August 2018 for single-family homes. This is enough to demonstrate a stable buyers market without any ridiculous price spikes. Colleyville homes are remaining on the market for about 59 days on average, which is great for sellers.
North Texas Overall Market
The numbers above are specific to city of Colleyville. The graphic below shows the current state of residential real estate in North Texas for month of August 2019