Flower Mound Real Estate Blog

Like the little engine that could the Flower Mound real estate market and the surrounding areas of Lewisville, Lantana, Southlake, Highland Village and Coppell just keeps pushing forward.  As of today the fixed 30 year interest rate sits at 4.75 with 1 point origination and a 15 year note at 3.99%.  They are trending up slightly, but with rates this low and housing prices flat for the last 2 years, our housing affordability is the best we have seen in the last 10 years.  While inventory in Flower Mound did build to 449 active homes, just under 8 months inventory,  at the beginning of the month, today there are 98 pending sales which may be a sign that the summer run is around the corner.  The actual March sales were down year over year, but this was to be expected for each of the first months of 2011 because of the tax incentive that drew 2010 buyers into the market early last year.  Properties in our local area that are in great condition and priced in the market continue to sale, but those that are not, are not. Because of this the old methods of marketing and pricing homes based on price per foot is no longer king and now more than ever lends to having a real estate broker you can trust representing you and your home. The numbers are below and remember to check back weekly to see the latest Flo Mo 48. There are still a few more days to get your free loaf from Great Harvest Bread Co, number 6 in the series of reasons to love Flo Mo!

March 2011 DOM Active Sold Inventory
Flower Mound 115 449 57 7.88
Southlake 116 269 31 8.68
Lewisville 95 440 69 6.38
Lantana 157 124 22 5.64
Coppell 86 195 36 5.42
Grapevine 115 189 38 4.97
Highland Village 164 114 11 10.36
         


One Response to Flower Mound area Real Estate Market update 3/11

  1. Properties says:

    Thanks for this great article! It’s really inspiring. Great value! very informative and helpful list you got there..

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This data was last updated on: 5/31/12 5:13 PM PDT

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