Lewisville Real Estate Market Update September 2007

September 2007 MLS housing statistics for Lewisville, TX (not including FSBO or new construction not listed in MLS).

• Current Active Homes for sale - 457
• 110 homes listed on the market in September
• 639 homes sold in the last 6 months
• Absorption (inventory) is 4.5 months
• Average marketing time was 40 days for attached
• Median sales price for detached - $190,746

In general homes are selling at 97% of list price, which has been consistent for more than 6 months.

Numbers can vary from month to month, depending on what homes have been selling, and so it is best to look at trends rather than focus on information during a particular month to better understand the Lewisville real estate market.

Also, remember that median prices reflect homes that went under contract (sold) in the last 2-3 months, which means a lag in the data. Finally, marketing times are based on the current listing contract and not a prior contract that may have expired (i.e., actual marketing times might be longer, on average).

If I can provide more detailed information about Lewisville real estate or other local areas, please let me know (text or call me direct at 972-824-2088 or email me at leigh@thetrinitygroup.org).

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