Ken Oenbrink - NTX Property Watch Report

Southlake, TX

Single-Family Homes

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



Southlake, TX

Tue Aug 11 2020
This week the median list price for Southlake, TX is $1,124,500 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 106. Click here to stay informed with the Southlake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Southlake, TX

Tue Aug 11 2020
This week the median list price for Southlake, TX is $1,124,500 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 106. Click here to stay informed with the Southlake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Southlake market.
Median List Price $1,124,500
Per Square Foot $243
Days on Market 119
Price Decreased 42%
Price Increased 6%
Relisted 6%
Inventory 106
Median Rent $4,600
Most Expensive $9,999,900
Least Expensive $425,000
Market Action 45
Strong Seller's Market

The market is 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
$2,847,500 7,763 1 - 2.5 acres 5 6 9 2 1 178
$1,387,500 5,419 0.5 - 1 acre 5 5 13 5 3 134
$989,000 4,472 0.5 - 1 acre 4 4 19 6 5 84
$725,000 3,578 0.25 - 0.5 acre 4 3 22 2 9 81