Flower Mound area real estate market update 6/2010

Interest rates at 3.5%! Can that be a typo? Short term adjustable rate mortages can be as low as 3.5% so you would think homes would be selling like hot cakes but in Flower Mound the actual sales numbers in June were down 30% from last June.  I will note that June 09 was the highest sales month in Flower Mound since August 2007 so not a big supprise that we were down.  It seams that the overall lack of consumer confidence in the economic market in general has put a damper on activity.  If we back up though and take a look from 30,000 feet we, North Texas, have a relatively stable market as compared to the rest of the country.  Homes are still selling, especially homes that are move in ready.  All the numbers are below and don’t forget to get my free real estate app at www.klewis.com . There is a link at the top right and then you can see all the homes for sale with listing details and pictures right on your phone.  To search for homes online goto www.flowermound-realestate.net .