Interpreting the market conditions in Denton, TX

Absorption rate is an indicator of whether the area is buyer's, seller's or neutral market. True to the entire country and state - for the past 2 years the housing market was a buyer's market. However, this number can be different if calculated by zip code or specific neighborhood.

Formula's outcome is a number of months it takes to absorb current homes of sale:

1-4 months - sellers market

5-6 months - neutral

over 7 months - buyer's market

These data is for the last 30 days (April 18 - today)

1. Denton County  7.9
2. Denton 8.5
3. Flower Mound 8.8
4. Argyle 11.3
5. Aubrey 8
6. Corinth 7.4
7. Lake Dallas 5.2
8. Highland Village 12.3

Basically, if you list a home in Highland Village and want to sell it quickly you must price it at least 10% bellow at what currently available and comparable to your property or you are risking to stay on the market for over a year.

If you want me to calculate absorption rate in your ZIP code or your neighborhood (if it is large enough) let me know via email or phone: leezamorris@gmail.com (940) 391-5080