The previous 7 days in Irving, TX saw closings rise 18.75% totaling at 16.
This is an encouraging statistic in the midst of Fed rate hikes and industry-wide turbulence.
The stat-line for closings included $197.76/sqft, 355k sales price and 31 days on the market- all on a median basis.
The median sales price also came in at 98.9% of the original sales price. Throughout DFW we have continued to see this gap widen for SP % vs OLP %.
These stats compare to a week ago, where we saw medians of $209.11/sqft, 302k and just 6 days on the market- similar to the red-hot summer market of 2022.
Irving has maintained strong demand when listings have been priced at market value, my message for sellers... keep it up!
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Talk soon. Eddie.
