May 12, 2015 – DALLAS – The MetroTex Association of Realtors today released Denton County home sales figures for the month of April. MetroTex President Steve Habgood acknowledged Denton County’s continued demand for more housing inventory.
“Homeowners in Denton County on average can expect strong sale prices to continue as the number of available homes in the area is low and there are a lot of active buyers in the market,” said Habgood. “The housing inventory in Denton County is estimated to be at 1.4 months.”
Less than six months inventory is considered to be a sellers’ market by the industry.
Other highlights of the MetroTex report include:
- The average April sales price in Denton County was $224,065, an increase of 8% over the same time last year.
- Average Days on Market was 35.
- The number of available homes on the market in April was 544, compared to 762 in April 2014.
- The average price per square foot in Denton County increased from $95 in April 2014 to $101 in April 2015, reflecting a 6% increase.
- There were 440 home sales in April, a 13% increase over last year.
“Denton County is part of the nation’s most active housing market, and sellers are finding that they are getting very close to asking price when they align with current market data,” said Habgood. “In Denton County, homes listed with a REALTOR® are fetching 99% of asking price on average.”
MLS data provided in the report was gathered from North Texas Real Estate Information Systems, Inc. (NTREIS).
MetroTex represents more than 15,000 members involved in all aspects of the real estate industry. MetroTex is the largest REALTOR® member association in East Texas representing the entire region. Established in 1917, MetroTex is an advocate for the real estate industry and private property rights. For more information, visit us online at DFWRealEstate.com.
###