Houses selling fast in Grapevine and Fort Worth, study says
The housing markets in Grapevine and Fort Worth are hot!
So says a new study that ranks the easiest places in Texas to sell your house.
But if you want to find the overall healthiest housing market in Texas, look no further than lil ol’ Burleson, according to SmartAsset, a New York-based financial technology company.
In SmartAsset’s Ease of Sale index for the entire state, Grapevine ranked No. 4, with homes spending an average of 32.8 days on the market. Fort Worth was close behind at No. 6, with an average of 36.3 days on the market.
In the overall ranking, however, Burelson was deemed the healthiest housing market in Texas and No. 2 in the nation, based on four factors: stability, affordability, fluidity and risk of loss. Here’s a snapshot of SmartAsset’s findings for Texas.
Click here to see national rankings.
Rank | City | Average Years Living in Home | Avg. Homes with Negative Equity | Homes Decreasing in Value | Avg. Days on Market | Home Costs as % of Income | Healthiest Markets Index |
1 | Burleson | 12.1 | 6.2% | 2.2% | 42.6 | 19.2% | 98.10 |
2 | Coppell | 10.9 | 4.2% | 1.8% | 73.1 | 19.8% | 94.86 |
3 | Midlothian | 11.7 | 6.1% | 3.4% | 97.8 | 18.7% | 94.36 |
4 | Princeton | 11.5 | 4.7% | 3.1% | 44.9 | 20.8% | 94.31 |
5 | The Colony | 9.6 | 3.8% | 0.6% | 27.4 | 21.4% | 94.31 |
6 | Richardson | 12.7 | 4.1% | 1.0% | 112.2 | 19.7% | 93.76 |
7 | Wylie | 10.2 | 4.0% | 1.0% | 44.8 | 21.7% | 92.70 |
8 | Red Oak | 12.3 | 7.1% | 7.0% | 13.4 | 21.6% | 92.42 |
9 | Sanger | 12.3 | 4.5% | 9.9% | 51.5 | 20.5% | 92.17 |
10 | Allen | 9.4 | 3.6% | 0.8% | 108.9 | 19.9% | 91.78 |
This story was originally published June 14, 2016 at 1:47 PM with the headline "Houses selling fast in Grapevine and Fort Worth, study says."