Denton housing prices hot as the summer sunDenton housing prices hot as the summer sunhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=138912016-07-19T05:00:00Z2016-07-19T15:00:00Z

​​DENTON - People looking to buy a single-family home in Denton County should be ready to make aggressive offers, according to real estate agents in the area.

The north Texas housing market has boomed as new jobs come to town and out-of-state buyers compete with locals for a sparse selection of single-family homes.

The Real Estate Center at Texas A&M University tracks data that includes how much time it takes to sell all available properties in Denton County. 

In January, the number of months it took to sell the properties was 1.9, one of the lowest points for the statistic in the last five years.

Since 2011, the average price of a home in Denton County has gradually risen from $213,820 to $320,935, according to the Real Estate Center at Texas A&M.

The most desirable home in Denton for middle-income buyers costs around $240,000 and is less than 15 years old, said John Baen, a professor of real estate at the University of North Texas.

As a result of this climate, real estate agents have been preparing their clients to make hefty initial offers, sometimes more than $30,000 above list price, according to Alex Lee, a Realtor at ERA Cornerstone Realty Group.​
Denton Record Chronicle
Dallas-Fort Worth-Arlington

​See DFW Housing Market Research. ​​​​

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