2019 – Another Record Year for Hunt County

January 13, 2020

Wow! What a year. Records were shattered in 2019 for residential sales in Hunt County, Texas.

In January 2019, I predicted:
“total residential sales will be up slightly and the average sales price will exceed $200,000”.

What I got right and wrong…
Right: Average sales price jumped over 12% and came in at $219,801
Wrong: Total sales went up over 11% more than just a slight increase
Right: I did predict that in the future for us to see a big jump in total sales we would need to have more new construction (spec houses) and we did. Thru the MLS system 248 new home sold in 2019 compared to 174 in 2018. More on new construction is a future blog.

Here are how the numbers came out for Hunt County, in 2019:
Total Residential Sales: 1267
Average Days on Market: 50
Average Sales Price: $219,801
Median Sales Price: $193,900

In 2018, there were:
Total Residential Sales: 1127
Average Days on Market: 45
Average Sales Price: $196,005
Median Sales Price: $176,750

For 2020, I am going to predict yet another seller’s market. With favorable interest rates, low supply ( we have around a 3 months supply of homes on the market compared to a more traditional 5-6 months) and strong buyer demand, I don’t see the market slowing down yet.

What we do need in order to have continued improvements in real estate market for 2020 and beyond is more job creation in Hunt County and many of our school districts need to make improvements. People will move here when there are jobs available and families want to live were the schools are good.

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Sales data was gathered from the North Texas Real Estate Information System on January 6, 2020.

Hunt County Real Estate provides real estate services to residential buyers and sellers in Hunt County, Texas. Contact us today for more information on Hunt County real estate and for professional assistance navigating this sometimes complex home market. You can visit our main website at www.HuntCountyRealEstate.com

December 2019 Residential Sales

January 8, 2020

How were residential sales in Hunt County Texas for December 2019?
Total Residential Sales: 97
Average Days on Market: 57
Average Sales Price: $228,875
Median Sales Price: $197,500

In December 2018, there were:
Total Residential Sales: 69
Average Days on Market: 69
Average Sales Price: $203,836
Median Sales Price: $189,663

2019 is going to go down as a record breaking year for residential sales in Hunt County. Not only for total number of sales but also in average and median sales prices.

Next week, I will blog a year end review.

Information gathered from MLS system on 1/6/2020 and deemed reliable but not guaranteed.

4129 CR 4413 – Commerce Texas

December 3, 2019

Country charmer just minutes from Texas A&M University Commerce.

Price: $195,000
Bedrooms: 3
Bathrooms: 2
Lot Size: Approximately 3.253 acres
Square Footage: Approximately 2250

Hunt County Real Estate uses Luminous Productions for our real estate photography.

They provide high quality photography services (corporate photos, to weddings and event photography to senior and family photos) along with web design and creative media solutions. Click here for their website.

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