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Flower Mound Real Estate Market Report: September 2024

What Buyers and Sellers need to know

Hey there, buyers and sellers in the Flower Mound Real Estate Market! Ready for a snapshot of what’s happening in the real estate market? Whether you’re thinking of buying your dream home or selling your current one, these key metrics can help you understand the landscape.

Inventory Levels are low

First up, the Months Supply of Inventory is sitting at 3.39. This number shows how long it would take to sell all the current homes at the current sales pace. Since anything under 6 months typically favors sellers, we’re in a competitive market—great news if you’re looking to sell!

We’ve also seen a +40.66% increase in the 12-Month Change in Inventory, meaning there are more homes for sale than last year. Buyers, this could be a great opportunity to find your perfect match.

Homes are Selling Fast

Homes are moving swiftly, spending an average of just 22 days on the market. High demand is definitely driving quick sales, so if you’re in the market, don’t hesitate!

The List to Sold Price Percentage is 98.2%, which means homes are selling very close to their asking price—fantastic for sellers looking to maximize their returns.

Median Home Price Provides Benchmark

Lastly, the Median Sold Price is $647,500, offering a solid benchmark for pricing in the current market. This gives us a clear picture of the price range in the area, allowing buyers to plan their budgets accordingly and sellers to price their homes strategically to attract serious offers.

Market Outlook: Sellers Market in Flower Mound Real Estate Market

In short, it’s an exciting and active time for Sellers in the Flower Mound real estate market. If you’re ready to buy or sell, staying informed is key. Reach out to a knowledgeable realtor to guide you through the process and make the most of the current market. Happy house hunting (or selling)!

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