The nationwide Real Estate market has been a bumpy ride this year as the activity has gone up and down in various cities across the United States.
Is the Real Estate market slowing down? Will the Government raise interest rates? Right now, the market remains stable, especially in North Texas where several zip codes are seeing a lot of home-buying activity.
Which Zip Codes Are Seeing the Most Activity in North Texas?
In Grayson County, homes in all 29 ZIP codes sold in an average of 15 days on the market or less, according to a MetroTex Association of Realtors report created for the Business Journal based on North Texas Real Estate Information Services data. They ranged from two days on market in ZIPs 75431 and 76308 to 15 days in ZIPs 75785 and 76018.
To include Grayson County in the 30-image slide show of Hottest ‘Hoods would have essentially squeezed out almost every other neighborhood in the 14-county area we analyzed, so we left it out. The one exception that was included in Van Alstyne, which was one of the very hottest markets and straddles Collin and Grayson counties.
Most of the homes selling in Grayson County are $250,000 and above, and many are over $300,000, Smith said.
“It’s kind of like the old saying, you build them and they will come,” Smith said. “That’s what we’re seeing in our community.”
Outside of Grayson County, Buford pointed to another trend that she considers encouraging. Homes at what Buford called the “very high end” — priced north of $4 million — are selling faster, she said. That’s in large part a result of low-interest rates, she said.
“We’re seeing people in the very high-end buying,” she said. “If the smart money is being put into real estate, that’s good for all of us.”
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