Sales Decline in Somervell County Real Estate Market

In this week's report, the number of homes sold in the Somervell County market dropped to 12 over the past 30 days. It marked a decrease of 7.7% from last week's report and a fall below the monthly average. In comparison, nearby Tarrant County had 1,961 sales in the same time frame, the most of all neighboring counties. The median sales price rose to $224,450, up from last week's $199,900. Along with the slip in sales, a relatively high 14 months of inventory indicates that Somervell County is a strong buyer's market.

Out of all the listings in Somervell County, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes:

$899K   $259K   $107K  

Get started right now by checking out Somervell County homes for sale or reviewing Somervell County real estate trends.

Demographic facts about Somervell County:

  • The median value of all homes in the area is $132,300.
  • The area gets 65 rainy days a year. (U.S. average: 100)
  • The unemployment rate for this area is 7.7%.
  • The student-to-teacher ratio is 11.7:1. (15.3:1 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty
Snapped 1 home in this area

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