We have the first month of the New Year behind us, so what did the real estate market do? Well, in Parker & Murphy area we saw a significant increase in the average list and sold price. The average price per square foot increased $10! The down news is that the average days on market doubled from December to January. Also there were 50% fewer homes sold in December.
Yes, this can be attributed to the “typical” holiday slow down in real estate; however that doesn’t fully explain the increase in prices.
Our market remains steady and with the expanded tax credit it is a great time to purchase a home. To qualify for the tax credit you need to have a home under contract before April, which will be here before you know it! Call us and we can help you find your dream home and take advantage of the tax credit!
For Parker/Murphy in January 2010
16 homes sold
Average List Price $354,449
Average Sold Price $336,550
Average Price Per Sq Ft $93
Average Days on Market 137
Click here to review end of year stats
Reechia & Keith
Murphy, TX Real Estate