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Spring 2012 Market Update
What are the specific local market conditions? Calll or Email Mary Ann Byrns.
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $300,000 - $349,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in North Richland Hills is | Increasing |
| Seller Activity for the past 90 days in North Richland Hills is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Well priced homes are receiving multiple offers, as home prices are very stable in this market. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Yes, financing is available for all buyers...please call Greg Ulrich at 817-800-5626 or apply online at www.applywithgreg.com |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | This is a great market for first time homebuyers due to affordable homes prices and proximity to several high-end communities (Southlake, Colleyville, Westlake). Housing inventory is down in the $100,000-$150,000 price range, but in the upper-end ($250,000+) homes are lingering on the market. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Dallas Fort Worth |
| Housing Hot Spots | Southlake Town Center & Grapevine Main Street |
| Average Sold Price | $175,000 - View Graph Trend |
North Richland Hills Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
The Byrns Team
(817) 975-6617
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Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Request More Information Let me answer your questions! Ask Me!
The Byrns Team
RE/MAX Masters
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 (817) 975-6617
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