The previous week in Coppell saw closings increase 60% from 5 to 8.
The uptick did bring saturation in $/sqft as it decreased from $239 to $237.99 on a median basis.
Days on market also increased from 31 to 37 days- this seems likely to continue with the Fed announcing another 0.75 basis point rate hike earlier today.
Most notably, while active listings in Coppell decreased this week, we saw a significant drop in sales price % vs listing price %. This week brought a sales price that was 96.4% of the original listing price while last week saw an impressive 101.3%.
Look for more of the same as we approach the end of 2022.
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Talk soon. Eddie.
