Interesting numbers for Irving Texas over the last 5 years.
This chart shows the number of active listings each month. It shows the inventory has declined which has brought the market quite a bit higher…great example of supply and demand.
Currently in the Irving/Las Colinas area we are seeing low inventory! This is great news, but even better is that homes are selling in a shorter period of time then a few years ago. The prices have been going up because of the low inventory and it is getting harder for buyers to find homes.
| Active Listings, Number of | ||||||
| Month | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| Jan | 414 | 584 | 1,091 | 729 | 626 | 568 |
| Feb | 434 | 591 | 1,087 | 753 | 625 | 543 |
| Mar | 464 | 654 | 1,093 | 805 | 578 | 528 |
| Apr | 456 | 644 | 1,078 | 808 | 606 | 540 |
| May | 449 | 658 | 1,076 | 822 | 601 | 606 |
| Jun | 465 | 778 | 1,058 | 851 | 591 | 642 |
| Jul | 487 | 905 | 1,041 | 867 | 652 | 599 |
| Aug | 496 | 1,032 | 1,013 | 837 | 673 | 626 |
| Sep | 478 | 1,094 | 948 | 768 | 692 | 573 |
| Oct | 461 | 1,162 | 933 | 746 | 698 | 559 |
| Nov | 482 | 1,204 | 861 | 725 | 661 | |
| Dec | 511 | 1,109 | 769 | 644 | 572 | |
This really is great news and it looks as if it will continue to get better. If you would like to take advantage of this market please feel free to call and set up a NO OBLIGATION meeting.
I hope this information helps and please do not hesitate to call me with any questions