North Texas Real Estate Blog

Northeast Tarrant County home sales are holding strong based on the April MLS sales report. Trophy Club TX had 70 percent more sales this April compared to April of 2009. Euless TX and Grapevine TX each had 39 percent more sales this April compared to April of last year. Other cities that had a significant increase in number of homes sold year over year are Southlake TX with a 34 percent increase, Colleyville TX with a 28 percent increase, and Saginaw TX with a 29 percent increase. With the exception of Roanoke TX, with a 22 percent decline in sales, all other cities in the Northeast Tarrant County area had improved April sales over April 2009.
The homebuyer’s tax credit may have helped to spur this increase in home sales, especially with the incentive that was available for current homeowners. Although the executed contract date for the federal tax credit has past, the increase in people buying homes is a positive sign for the local economy, and is encouraging for prospective home sellers in Northeast Tarrant County.
Along with the increase in number of sales in many of these cities, the majority of them also saw a decrease in average days on the market versus April 2009. Watauga TX led the group with a 25 percent decrease in average days on the market. Watauga homes averaged 50 days on the market in April considerably lower than most of the other cities. Trophy Club TX averaged 89 days on the market, with is 20 percent less than the previous year. Bedford TX, Colleyville TX, and Euless TX also saw double digit declines in the average days on the market.
While many of the cities in Northeast Tarrant County did experience slightly lower average sales prices year over year, Grapevine TX and Hurst TX had a 7 percent increase in average sales price. The greatest decrease in sales price was in Trophy Club TX, which was down 27 percent over last year may have contributed to the increase in sales this year.
Whether you are a buyer taking advantages of the great prices available on the market or a seller ready to list their home on the market, the trend in the Northeast Tarrant County market area is improving. Although the federal tax credit has expired, there are still buyers in the market and there are positive signs of economic recovery. If you would like more information about buying or selling a home, please contact us at 817-706-3291.