Grapevine, Colleyville and Southlake all saw year-over-year declines in the number of homes for sale in April.
When comparing data from April 2019 and April 2020, the number of Grapevine homes for sale were 89 and 83 respectively, according to data from the Collin County Association of Realtors. In Southlake, the number of homes for sale dropped from 175 to 106, and in Colleyville from 193 to 120.
Despite fewer homes on the market across the board, both Colleyville and Southlake saw over a 3% increase in the median home sale price when comparing April 2019 and April 2020. Grapevine on the other hand saw a decrease of nearly 9% in its median home sale price.
Grapevine's median home sale price in April was $361,500. Southlake’s was $801,000 and Colleyville’s was $641,000.
All three cities saw about a 50% decrease in the number of new listings when comparing April 2019 to April 2020. See below how those figures are broken down in Grapevine, Colleyville and Southlake.