Today we analyze Irving, TX and the "Way Too Early" results for February '23.
65 closings resulted in a median closing amount of $360,000 or $204.32/sqft. These results represent increases across the board form January, where Irving saw 50 closings bring medians of $353,500 or $185.31/sqft.
These stats help us see how the housing market is beginning to pick up steam heading into the Spring. Though inflation data was less than optimistic in the most recent reports, it's clear that the Irving Housing Market has remained robust.
Days on market decreased from 30 to 26 days on a median basis in February as well. This helps us see the parallels between the increase in closings and how that positively affected days on market for active inventory in Irving.
Lastly, similar to the City of Dallas which we profiled yesterday, Irving saw the median closing amount come in at 98.1% of the original listing amount. This compares with 97.5% in January '23 and shines light on how sellers and purchasers alike, are better-aligned in terms of their expectations.
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Talk soon. Eddie
