Greetings, New Braunfels real estate enthusiasts! Jordan Lippe Walker, your trusted REALTOR® from Keller Williams Realty Heritage, is here with an insightful real estate market update for July 2023. Get the lowdown on what's happening in our vibrant community.
Supply Dynamics: As of now, New Braunfels is witnessing a mere 4.23 months of supply. In simpler terms, without any new listings, all current homes on the market would be sold in just over 4 months. A low supply often points to a seller's market where demand outpaces availability.
Trend Watch: The past year has seen a noteworthy uptick in the Months Supply of Inventory, growing by 21.2%. This highlights a changing market dynamics and can impact both buying and selling decisions.
Delving into Pricing
Getting What You Ask For: Sellers, here's some fantastic news! On average, homes in New Braunfels are being sold at 99.1% of the listed price. A high List to Sold Price percentage like this underscores a thriving market.
Median Home Price: Digging into the numbers, the median sale price for homes in New Braunfels presently stands at a respectable $441,150. Keep in mind, this is the midpoint, so actual home prices can fluctuate based on various factors such as location, home size, and its state of upkeep.
How Fast Are Homes Selling?
Acting fast is the name of the game. Homes in New Braunfels are getting scooped up in an average of 37 days from listing. Whether you're on the hunt for a new abode or considering listing your property, swift action is pivotal in this rapid-paced market.
Navigating the vibrant real estate market of New Braunfels requires a seasoned hand and an understanding of the latest trends. For tailored insights or if you're brimming with questions, don't hesitate to reach out. Your journey through the local real estate landscape is just a call or click away. Stay connected for more real-time updates and local real estate news!
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