July Housing Report

In both Tarrant and Denton Counties we saw the median selling price decrease by 5K from the previous month.  Properties are still moving with averages of less than 20 days on the market.  If properties are priced correctly and marketed well, then they are moving.  The market is stabilizing, and despite what the media says, we have a healthier market that is more predictable than a year ago.  Interest rates are fluctuating, but they have been in the ball park of 5%, give or take a few tenths of a percent.