If you live in Southeast Texas, then you have likely heard that the Lumberton housing market has been on fire this year.  Homes are selling fast and prices keep going up.  Here's a look Hardin County home sales for November 2020. 

The key housing statistics that stand out:

1. The median price of a home in Hardin County is $197,000
2. 22.4% of homes that closed were sold for $300,000 and up
3. Homes averaged 86 days on the market
4. There is a real shortage of homes for sale.  

A six month supply of homes for sale is considered a balanced market.  In November, Hardin County had a 3 month supply of homes for sale.  Fewer homes equals more competition among buyers and higher prices.  

If you have any questions about home sales in Lumberton or any part of Southeast Texas, send me a message, call or text.  I'm here to help with all your Southeast Texas real estate needs.

Sincerely,

Diane

The Southeast Texas real estate market is having one heck of a year.  Inventory - the number of homes for sale - is at an all time low in many areas.  One of the hottest housing markets in Southeast Texas since the first of the year is Lumberton.

Take a look:

• There have been 101 sales since Jan. 1, 2016
• The average price homes sold for is $213,345
• 94 is the average number of days homes were on the market.  That's from listing date to closing date.
• Sellers on average got 98% of their asking price
• The highest sale was for $555,000 and the lowest was for $49,000.  

If you are buying or selling in this fast paced selling season, you'll want a local professional to help you determine the best price for your home.  Real estate is hyper-local.  Don't be fooled by the estimates of value you see online.  

If you want an accurate professional value of your home call me.  We are entering the strongest months of the year to sell a home. 

Westwood is a very popular neighborhood in Lumberton, Texas.  So popular with in fact that it is now on its 7th phase.  There have been forty (40) homes sales in Westwood so far this year.

Take a look at the important sales data about Westwood.

• The lowest sale in 2014 was on Westchase Loop for $138,000.
• The highest sale in 2014 was on Kerrville for $222,780.
• When these homes are priced right they sell for 98% of their original price on average. 
• 17 of the homes sold for 100% of the asking price or more. 
• All data is from the Southeast Texas MLS.

Looking to buy or sell a home in Westwood?  Or any other neighborhood in Southeast Texas.  For a no cost market analysis of your neighborhood contact me.  Let me help you understand the market before you decide to buy or sell a home.