Not all is bad, in fact, real estate is still selling in Cedar Hill as evidenced by the most recent numbers posted by the Texas Real Estate Center at the University of A&M. In March 2009 closed sales were up 12% from a year ago in addition, the Median Price was up 5% from a year ago and Average Days on Market were down 19% to 67 days. This means that homes that sold in March 2009 did so in an average of 67 days. For the year, the average price is up to $151,743 which is a 3% increase over 2008.
Here is some area of opportunity for all of us. In Cedar Hill, New Listings in March were down by 21% and for the year Listings are down by 32%. There is only a 5.1 month supply of inventory which is excellent. So where is the opportunity – if you have been sitting on the fence waiting for the market "to get better" – now is the time to get off of it. There is simply not enough inventory of homes for sale in Cedar Hill and this means if you have a salable home (condition and price) now is the time to sell it. Homes that are priced correctly are selling – isn't it time to take advantage of the market and sell your current home and move into the home you really wanted to buy in the first place?
For a more indepth look at your home, please contact The Bill & Ann Team at 972.723.3822 or AnnWeaver@JudgeFite.com.
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