North Richland Hills homes for sale have declined through the first 11 months of 2009 by 13% versus the first 11 months of 2008. So when you look at the North Richland Hills home sales through the first 11 months and see an 11% decline, the reason sales are down is fairly self-explanatory. New North Richland Hills MLS listings are also down 11%.
The North Richland Hills real estate market appears to be performing better than some of the other markets in the Dallas – Fort Worth Metroplex. The average sales price through the first 11 months of 2009 of a North Richland Hills home was $158,630, which was down 5% from the year earlier. However, the median sales price was $132,450, unchanged from the previous year. The inventory of homes in North Richland Hills stood at a 5.2 month supply, down 1% from 2008 (a six month supply of homes is considered a ‘neutral’ market, less than that a seller’s market, more than that a buyer’s market) and the average number of days a listed property is on the market in North Richland Hills stood at 71 days, up slightly (4%) versus 2008.
As the average and median home prices reflect, NRH is an ideal location for the first time home buyer. And with the $8,000.00 First Time Home Buyer Tax Credit extend to April 30, 2010, good condition properties are likely to move swiftly in North Richland Hills homes for sale market. Interest rates are still historically low, along with the $8,000.00 Tax Credit, this is the perfect time to call North Richland Hills home. Contact me today for information on North Richland Hills homes for sale.
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