December 2016 Housing Market Update For Northeast Tarrant County

The Real Estate Center at Texas A&M University have released December 2016’s real estate figures!

We’ve rounded up the real estate figures for Colleyville, Grapevine, Keller, Southlake, and surrounding NE Tarrant County towns.

While December can often be a slower month of the year, we didn’t really see that this month. DFW is the still the hottest market in the country when you look at investments, building and development and Tarrant County alone is the seventh fastest growing county in the entire United States.  Since last month, home prices have mostly risen except for in Colleyville and, Keller and North Richland Hills. And, staying on trend for the overall year in real estate for DFW, home prices are all higher than at this time in 2015. The days on market have also risen since last month, except for Euless, Grapevine, Keller, and North Richland Hills, which means buyers are hunting for homes more in those cities. Looking at the numbers from this time last year, home prices have almost all gone up while the days on market have decreased.

Buyers are still on the hunt for homes. While we still see multiple offers, especially on homes lower than $300,000, they aren’t as numerous as earlier last year meaning buyers are having a better chance at finding their dream home. If you’re thinking about selling and thinking about waiting until the spring, now could be a great time with buyers still actively searching.

If you don’t see your city or if you’re curious to know what the potential value of your home is based off of December 2016 real-time home sales in your neighborhood, visit www.WonderWhatMyHomesWorth.com. As always, we are always available to answer any real estate questions that you may have!