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 Coppell, TX. If you're an existing home owner in Coppell, 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 4 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 Coppell, TX home ownership, we've provided suggestions below that could help with your decision.
Coppell Real Estate Stats
We know this is a great time to purchase real estate in Coppell, 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 96.4% of the list price for single-family homes.
Average prices have decreased: 9.6% since August 2018 for single-family homes. This is enough to demonstrate a market shift to buyers market without any ridiculous price spikes. Coppell homes are remaining on the market for about 38 days on average, which is great for sellers and indicates that homes are selling fast once listed in Coppell.
North Texas Overall Market
The numbers above are specific to city of Coppell. 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 Coppell, 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 Coppell
The new home construction industry in Coppell is booming. What many people don't realize, you can own a brand new home or townhome in Coppell 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.
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Tips: Looking for A Top Coppell, TX Real Estate Agent?
When looking for a top real estate agent in Coppell, how can you look for a real estate agent who excels in their field?
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