ONE OF THE BEST PLACES TO LIVE

Southlake Texas has been voted as one of the best places to live in and one of the most affluent places too.

It now is one of the best places to be buying it too. I did the absorption rate for the city as a whole this morning and have found that it is turning in favor of the buyers.

A healthy market is a 6 months supply.
Currently there is a little over a 11.269 month supply of homes that is up from the 7.325 supply we had at 12 months ago and a up from our 6 months ago supply which was 6.84.

Not great news for the sellers, so marketing and condition of the property as well as yes pricing is very important.

As a whole that is not to bad considering the media, holiday and weather not to bad I expect to see that turn back in about 30 to 60 days from now as we head into the spring and lower interest rates.

However, the Jumbo loan market is more of a problem for this area then the other areas surrounding them.

The current odds on selling a home in Southlake right now is about 49.243 percent.

Of Course different price ranges and locations will vary but Southlake as a whole these are the stats according to the numbers from Ntreis.net

This infomation is based of numbers supplied to me from Ntreis.net, and calulation formula from Zan Monroe.

There are currently 293 homes available in the 76092 zip code of Southake, TX.

This information was compiled on December 16, 2008 by myself.