Texas Housing Insight March 2023 Summary
Construction had a great March as it made monumental leaps over February. Meanwhile, active listings dropped as sales continued to rise. Days on market (DOM) increased for yet another month, conflating with the fact that demand is slowing though still trending upward. However, too few existing homes are being put on the market to fill […]
Texas Housing Insight February 2023 Summary
February’s housing market shows 2023 has returned to normal seasonal trends, something not experienced since 2019. Housing sales are back on trend with increases for the month, as are construction starts and permits. Rebounding to pre-pandemic levels means sales and construction activity are still decreased compared with the previous two years. This is likely due […]
Texas Housing Insight January 2023 Summary
January home sales increased month over month (MOM), but it was the slowest start since January 2017, a far cry from January levels from both 2021 and 2022. Other housing metrics, such as median price and inventory, may be showing early signs of stabilizing with only minor changes in recent months compared with the major swings […]
Texas Housing Insight December 2022 Summary
Housing was one of the primary contributors to inflation in 2022. The pandemic-induced housing frenzy officially ended when the Federal Reserve began raising interest rates in June in an attempt to curb inflation. Since then, mortgage rates and the possibility of a recession sidelined many potential buyers. Demand in Texas plummeted as annual housing sales […]
December 2022 DFW Area Real Estate Stats
https://youtu.be/R2ic4t1O3fU December 2022 Stats are IN! Collin county shows an increase in all categories except number of sales compared to December of ’22. Dallas County’s new listings for December were down 22% compared to last year, but active listings were up considerably from where they were a year ago. The average sales price was even […]
Texas Housing Insight November 2022 Summary
The housing market continued to slow down as people consider mortgage rates and recession fears when making financial decisions. On the supply side, housing permits and housing starts are both in decline. Prices are correcting, and the market is accumulating inventory. However, as suggested by the sales volume, buyers are calmer now than during the pandemic […]
What You Need to Know About The 2023 TREC Contract Changes
In November 2022, the Texas Real Estate Commission adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee that will become mandatory on February 1, 2023. Read on for the key takeaways as well as several different resources to help you navigate the upcoming changes. On November 7, 2022 the Texas Real Estate Commission […]
November 2022 DFW Area Real Estate Stats
https://youtu.be/7IUXP6uWljE November 2022 Stats are IN! Active listings are up across the board with an increase of over 100% in Collin, Dallas, Denton, Rockwall and Tarrant counties compared to last year. It will come as no surprise that the average days on market has also increased in these counties over last year’s market. The number of sales […]
Texas Housing Insight October 2022 Summary
Since the Federal Reserve announced the first 75-basis-point increase in June of this year, the housing market has retreated with both demand and supply slowing down. Home sales were down 7.4 percent over the previous month, and housing starts for apartments doubled in a year as investors adapted their strategies from selling single-family homes to […]
October 2022 DFW Area Real Estate Stats
https://youtu.be/M_KAw0aDKyE October 2022 Stats are IN! In Collin and Denton counties, all arrows are pointing up in the areas of new listings and active listings with active listing seeing an increase of over 100% in both counties compared to last year. It will come as no surprise that the average days on market has also increased […]
