Located between Dallas-Fort Worth and Denton, Argyle has become a popular North Texas community for house hunters. Gentle hills, trees, and serene lakes surround luxury homes in this small community of just under 5,000 residents. Those seeking a peaceful country location enjoy Argyle as a quieter alternative to the sprawling nearby metropolises.
Argyle provides convenient access to U.S. 377, which serves as a pipeline to Dallas, plus countless hiking trails through the region’s oak groves and bluffs. Newly planned communities boasting custom homes by some of the region’s most respected architects have helped the housing market in this area flourish. Buyers looking for the ideal properties in Argyle will need to come prepared and ready to pounce on a listing they love quickly. Below you will discover the latest information you need to know about the Argyle housing market.
Argyle’s housing market forecast
Those wondering about the long-term market forecast in Argyle should feel confident investing in this charming community. One report indicates that homeowners could see a 31.48% profit with a ten-year investment. This projection aligns with the fact that North Texas has become a popular region for transplants, and it looks like that trend will continue. Especially for those wanting to experience the Texas countryside while being within easy reach of Dallas or Denton, Argyle is a perfect choice.
Interest rates rise nationally
Buyers intent on finding their next home in Argyle should take advantage of lower median list prices, even if interest rates are higher. Homeownership in North Texas is a promising long-term investment, and buyers can start building equity now. They also can refinance loans if interest rates drop down the road.
Inventory projections make modest improvements
Today, existing home sales are down by 3.4% compared to last year. In addition, the number of homes for sale in Argyle is up by a staggering 24%. These numbers suggest that buyers will not need to engage in the intense bidding wars that were routine in 2020. Instead, they will have a larger pool of homes to consider, and they may even be able to gain some seller concessions during the negotiation process. Sellers may find themselves investing extra effort into making their homes stand out from a more crowded field. Such efforts could include addressing significant home repairs, like replacing a roof or updating a kitchen, before going live with listings.
Current housing market trends
Yes, sellers may need to make more concessions, such as agreeing to make essential repairs or paying closing fees. Closing fees may include title insurance, inspection costs, and loan origination fees, among other costs. But on the plus side, homes are moving even more quickly than they did a year ago. In 2023, the average listing age of a home is just 56 days. Sellers can feel optimistic that their homes will not stagnate on the market for too long.
Navigate Argyle’s real estate market
The North Texas Team possesses the expertise and client-focused approach that can help you buy or sell your home. We draw upon an intimate knowledge of the North Texas real estate landscape and strong professional relationships with lending institutions and contractors to ensure a smooth experience. Contact us today to explore Argyle real estate.