After a period of calm, we are in a “hot summer” for real estate activity in Murphy. As July 7, there are a total of 75 homes on the market in different stages, as follow:
- 25 active listings, with of homes priced between $30,995 and $574,900. Gross living area is from 1,853 sf to 4,598 sf, and average marketing time is 29 days.
- 13 homes are active contingent or active option contract. Very rarely those homes will get back on active status.
- 37 homes are “Pending”, which pretty much means that are sold.
- From January 1st until July 7th, 128 homes have been sold in Murphy, with sale prices from $250,000 to $818,500. Median sale price was $399,000 and marketing time was 31 days. Close price by the original list price was 97.66%
Real estate market is really hot this summer. Two of the sale have been foreclosed homes, and right now is only one foreclosure on the market.
Bottom line: now is a perfect time for selling, and for buying in Murphy, Texas.