Lewisville, TX includes a housing market that continues to expand similar to other upcoming cities in North Texas.
With a median year built of 1995, Lewisville contrasts with markets such as Irving, TX that we documented yesterday.
For the previous 30 days, Lewisville saw a median closing amount of $402,500.
Closings dipped 25% YOY, similar to other Dallas County cities and in-line with what we have seen the past few months. Look for this to continue throughout 2023, as mortgage rates are in a significantly different spot than they were this time last year.
Days on market hit 40 days on a median basis- far contrasting last year's 5 days!
This helps make sense why sellers accepted offers that were 98.7% of their original listing amount despite closing at 103.7% of the original amount last year during the same period.
Demand is still hot in Lewisville, sellers will have to keep adjusting their expectations to move their properties and help improve housing inventory.
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Talk soon. Eddie.
