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Nitin Gupta is a residential real estate agent with Competitive Edge Realty

 

Buying or Selling Irving, TX Real Estate? Here are the latest Irving Real Estate Market Trends

October 19, 2019

 

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 Irving, TX. If you're an existing home owner in Irving, 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 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 Irving home ownership, we've provided suggestions below that could help with your decision.

 

Irving Real Estate Stats

 

We know this is a great time to purchase real estate in Irving, but don't take our word for it, here are the current stats for August 2019.

 

 

Selection

There is a great selection of homes on the market, and offered by motivated sellers. Sellers are receiving an average of 95.4% of the list price for single-family homes.  

 

Stable Market

Prices have decreased slightly: 2.6% since August 2018 for single-family homes. This is enough to demonstrate a stable buyers market without any ridiculous price spikes. Irving homes are remaining on the market for about 34 days on average, which is great for sellers. This indicates that homes are selling fast!

 

What does this mean if you’re selling a house in Irving?
The housing inventory in Irving is still low. This is a great time to list your home for sale in Irving. 
 
 
What does this mean if you’re buying a house in Irving? 
The low inventory means that the buyers are still competing for homes in Irving and buyers need to be prepared to submit an offer once they identify a home that they like.
 
 
Irving Home Value Estimate
If you want to know what your home might sell for find out using our instant home value estimator.
 
 

 

Texas Mortgage Rate Trends

Current rates in Irving, 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.

 

This data was taken from Realtor.com and based on rates as of October  12, 2019. You can see that the interest rates have gone down over the past 30 days, and have currently settled in a  range below 4%.

 

 

 

New Home Construction Options in Irving

The new home construction industry in Irving is booming. What many people don't realize, you can own a brand new home or townhome in Irving for under $400,000. In fact, there is a huge range of available inventory ranging from the $350,000s into the millions - basically something for everyone.

 

Search new homes by builder

 
 
 
Tips: Looking for A Top Irving Moundsco Real Estate Agent?
 
When looking for a top real estate agent in Irving, how can you look for a real estate agent who excels in their field?
 
You need to look for a real estate agent with designations and certifications.
 

 

About us:

 

If you are interested in moving to our great city of Irving and need help finding a home, I would appreciate the opportunity to help you. I have lived in Dallas metro area for over 14 years. With nearly 40 suburbs in the Dallas area, with our help, you are sure to find a neighborhood to match your “must-haves” list and narrow down your top choices. Contact us for an in-depth analysis of your needs and recommendations along with market reports of various neighborhoods! Discover new construction homes or master planned communities in Irving TX, Frisco TX, McKinney TX, Prosper TX, Coppell TX or Irving TX which offer homes to suit every lifestyle and budget.Since many of my clients are relocation buyers, I have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, I can make this process as comfortable as possible no matter where you are located. 

 

 

 

 

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