Clemmons & Lewisville Market Report – 2nd QTR 2021

2nd QTR 2021 Clemmons & Lewisville

Single-Family Homes

At the end of 2nd QTR 2021 for Clemmons & Lewisville, there are 272 Single-Family Homes marked pending.  The available inventory for Single-Family Homes is 76 listings.

The Average Sales Price is $367,507 for a Single-Family Home.  This is an increase of +11% from the 2nd QTR in 2020 when the Average Sales Price was $331,068.

In the 2nd QTR 2021, the Median Sales Price is $339,500 for a Single-Family Home.  This is an increase of +11.5%  from the 2nd QTR 2020 when the Median Sales Price was $304,455.

Analysis of the absorption rate for the Clemmons & Lewisville Market indicates an inventory of 0.9 month for Single-Family Homes.

2nd QTR 2021 Clemmons & Lewisville Market

2nd QTR 2021 Clemmons & Lewisville Market

In the 2nd QTR 2021 for the Clemmons & Lewisville, a total of 252 Single-Family homes closed in the Clemmons and the Lewisville areas. This is an increase of +15.6% from the 2nd QTR in 2020 when 218 listings closed.

Of the closed properties in the 2nd QTR 2021, 79% of the listings were under contract in the first 30 days on the market.

The most active price ranges were homes in the $300,00 to $399,999 range and in the $200,000 to $299,999 range.  Combined both price ranges made up 64% of the closed properties in the 2nd QTR 2021.

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Townhome Listings

At the end of the 2nd QTR 2021, 17 Townhome Listings were marked pending in the Clemmons & Lewisville Market.  There are 3 townhome listings available for sale.

The Average Sales Price is $268,455 for a Townhome.  This is an increase of +32.9% from the 2nd QTR 2020 when the Average Sales Price was $202,010.

The Median Sales Price is $197,500 for a Townhome in the 2nd QTR 2021.  This is a decrease of -7.7% from the 2nd QTR 2020 when it was $213,945 for a townhome property.

During the 2nd QTR 2021, 24 Townhome listings closed which is a decrease of -4.0% from the 2nd QTR 2020 when 25 Townhome properties closed.

Analysis of the absorption rate for the Clemmons & Lewisville Market indicate 0.5 month inventory for Townhome properties.

Clemmons & Lewisville Market

Clemmons & Lewisville Market

Summary

New Listings increased by +21.5% in the 2nd QTR 2021 in the Clemmons & Lewisville Real Estate Market from the previous year.  Pending Sales increased by +12.4%.  Closed Sales showed an increase of +15.6% from the 2nd QTR in 2020.  Prices are still rising because of the inventory shortage.

The Median Sales Price for Single-Family Home was $ 339,500, which is an increase of +11.5% from the 2nd QTR in 2020.  The Average Sales Price was $367,507 at the end of the 2nd QTR 2021.  This was an increase of +11% from the 2nd QTR in 2020.

Sellers are receiving 101.5% of their list price.  Inventory levels for single-family homes decreased by -49.7% and townhomes by -57.1%.  At the end of June 2021, 76 single-family homes and 3 townhomes were available for sale.  Homebuyers in 2021 will continue to be challenged by the low inventory levels.