Prediction No. 1: Median Sales Price Will Rise
Correct Prediction — According to The Real Estate Center at Texas A&M University, the median sales price in 2017 for Tarrant County was approximately $217,000. The median sales price for Tarrant County in 2018 thus far shows to be $229,500. (Note: Stats for December 2018 have not yet been published.)
Prediction No. 2: The Luxury Market Will Be Slower
Sort of Correct Prediction — Statistics show that the average days on market for luxury homes priced $750,000 and above were about the same from 2017 to 2018. Ask any real estate agent in the with knowledge of that market and they’ll tell you sales definitely took longer. It felt that homes took an eternity to sell and went through a number of price reductions.