Ken Oenbrink - NTX Property Watch Report

Lewisville, TX

Single-Family Homes

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



Lewisville, TX

Thu Apr 26 2018
This week the median list price for Lewisville, TX is $289,900 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has held steady at or around 113. 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

Thu Apr 26 2018
This week the median list price for Lewisville, TX is $289,900 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has held steady at or around 113. 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 $289,900
Per Square Foot $139
Days on Market 41
Price Decreased 19%
Price Increased 3%
Relisted 4%
Inventory 113
Median House Rent $1,850
Most Expensive $3,698,679
Least Expensive $107,000
Market Action Index
Strong Seller's Market
58

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$365,000 2,792 6,500 - 8,000 sqft 4 2 14 5 3 103
$315,000 2,271 6,500 - 8,000 sqft 3 2 21 8 4 25
$271,200 1,853 6,500 - 8,000 sqft 3 2 25 8 2 17
$220,000 1,487 6,500 - 8,000 sqft 3 2 35 14 10 19