Grapevine Real Estate Market Extends Weakening in Contracts

The Grapevine market saw 16 homes go under contract and failed to break out of a budding downward trend. Along with that, total home sales fell to 28 over the last 30 days. The median sales price rose to $377,450, up from last week's $370,450. Despite the falling contracts numbers, there are only three months of inventory remaining, indicating that Grapevine is a still seller's market.

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Demographic facts for Grapevine:

  • The population has increased 11.5% over the past decade.
  • The lifestyle rating for this area is 41. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 81.5% by car, 10.0% by carpool, and 0.2% by public transit.

Data reported through 1/11/2017

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