Ken Oenbrink - NTX Property Watch Report

Lewisville, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Lewisville, TX

Mon Jun 17 2019
This week the median list price for Lewisville, TX is $285,000 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has held steady at or around 97. Click here to stay informed with the Lewisville market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Lewisville, TX

Mon Jun 17 2019
This week the median list price for Lewisville, TX is $285,000 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has held steady at or around 97. Click here to stay informed with the Lewisville market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Lewisville market.
Median List Price $285,000
Per Square Foot $145
Days on Market 44
Price Decreased 40%
Price Increased 3%
Relisted 5%
Inventory 97
Median House Rent $1,898
Most Expensive $550,000
Least Expensive $169,900
Market Action Index
Strong Seller's Market
64

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$372,400 2,545 6,500 - 8,000 sqft 4 2 22 0 3 50
$316,500 2,451 6,500 - 8,000 sqft 3 2 23 5 5 65
$266,499 1,801 6,500 - 8,000 sqft 3 2 30 7 7 42
$232,000 1,463 6,500 - 8,000 sqft 3 2 39 9 8 21