Granbury is HOT - The Real Estate Market is Hotter
The Hot Real Estate Market in Granbury
We all have to deal with the heat in Granbury during the dog days of summer. There is another aspect of the summer that residents of Granbury can truly enjoy…Granbury’s real estate market is on fire! The price of homes selling in the North Texas real estate market have hit an all time high in June with more homes being sold than ever.
Record Breaking Real Estate Market
For all of North Texas, over 10,500 homes were sold; that is 7 percent higher than the same month last year, which was the previous record. The second half of 2016 has proven to beat another record by increasing home sales by over 9 percent from the first half of the year.
With only a slight increase in homes for sale, but substantially more demand with the number of sales increasing by 7 percent and the median price increasing by 8 percent, if you are looking for homes for sale in Granbury, you have a lot of competition. The average days on market, which shows how long it takes after listing a home for sale until it goes under contract, has decreased 8 percent since the same time last year, with pending real estate sales increasing by 20%. Although this is for the entire North Texas region, Granbury real estate has proven to outpace the averages.