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August 2023 DFW Real Estate Stats

The North Texas real estate market in August 2023 continues to present intriguing dynamics. Here’s the latest data:

Average Days on Market:

  • Average days on market up across the board with Collin County up 47.8%, Dallas County up 33.3%, Denton County up 81%, Tarrant County up 70% and…Rockwall County: Surging over 2022 with an increase of 109%

Closed Sales Year Over Year:

  • Across all counties: Down, indicating a challenging market

Average Sales Prices:

  • Dallas County: On the rise by a remarkable increase of 16% , with an average sales price of $550,540
  • Collin County: Down slightly (2.2%), with an average sales price of $594,537

In this ever-evolving real estate landscape, understanding local market trends is essential. Whether you’re buying, selling, or investing, our team is here to provide expert guidance tailored to your needs.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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July 2023 DFW Real Estate Stats

July 2023 brought distinct trends to the real estate markets of Collin, Dallas, Denton, Rockwall, and Tarrant Counties. Collin and Dallas Counties experienced an 18% decrease in new listings, coupled with increased days on the market (63% and 65% respectively).

While average sales prices surged in Dallas County (8%), Collin County witnessed a 5% rise in price per square foot, offset by slight decreases in average sales price and number of sales. Denton County faced a significant 24% decline in new listings, accompanied by a notable 119% increase in days on the market.

Although average sales prices and price per square foot increased (2% and 4% respectively), sales decreased by 7%. Rockwall County encountered reduced new listings (13%) and an extended period on the market (68%). While active listings rose (4%), average sales prices dropped by 11.5% and the number of sales decreased by 14%. Tarrant County saw a 23% decline in new listings and a substantial 113% rise in days on the market. Active listings decreased by 2.6%, average sales prices dipped by 1.3%, and the price per square foot increased by 2.5%, resulting in a significant 12.7% reduction in the number of sales.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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June 2023 DFW Area Real Estate Stats

The Dallas real estate market has seen fluctuations in different counties, as of the latest available data. In Collin County, new listings have declined by 21.5%, with closed sales down by 3.7%, and the median sales price experiencing a 5.1% decrease. Similarly, Dallas County has witnessed a decline of 19.3% in new listings, a significant drop of 12.1% in closed sales, and a minor decrease of 0.8% in the median sales price.

Denton County, on the other hand, has experienced a decrease of 19.7% in new listings, while closed sales have surprisingly increased by 1.2%. However, the median sales price in Denton County has still seen a downturn of 1.2%. Tarrant County has seen the steepest decline in new listings at 22.6%, coupled with a significant drop of 10.2% in closed sales and a median sales price decrease of 4.3%. Lastly, Rockwall County has experienced a substantial decline of 25.2% in new listings, a notable drop of 19.5% in closed sales, and a 2.2% decrease in the median sales price.

Overall, these statistics indicate varying trends in the Dallas real estate market, with some counties witnessing significant declines in both new listings and closed sales, while others show mixed results. The changes in median sales prices are also noteworthy, showcasing the complexities and challenges the local real estate market is currently facing. As the market continues to evolve, it will be essential for potential buyers and sellers to stay informed with the most up-to-date data and trends from Realtor professionals to make informed decisions in this dynamic environment.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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May 2023 DFW Area Real Estate Stats

Days on market have surged over 100% in each county we report on indicating that homes are selling far more slowly than they were in 2022. In Rockwall County, the average days on market is 62 days – that’s an increase of 226.3% over 2022. According to the Dallas Business Journal, Dallas-Fort Worth ranked fourth in the U.S. for the largest increase in days on market in May.  New listings are down across the board over 2022.  The demand for homes in North Texas is still robust and it remains a tough market for buyers. If you’re considering selling or know someone who is, now is the perfect moment to take advantage of the high demand!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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3 Things You Need To Know About Contingent Contracts

Next up in our Three Things video series are Republic Title’s Janet Allen and Sarah Mann discussing the three things you need to know about contracts contingent on the sale of a buyer’s current home.
 
In this informative conversation they discuss when the buyer must receive the proceeds of their sale, what happens when a seller accepts a back-up offer, and some situations that may cause a buyer default. With the market heating up, this information is vital for agents and their clients.
 
For more information and resources, visit republictitle.com
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April 2023 DFW Area Real Estate Stats

In April, active listings have increased across all counties compared to last year. However, the demand is outpacing supply, and we need more inventory to meet the growing needs of homebuyers. Excitingly, the average price is slightly down from last year across our area, offering potential savings for home seekers. Moreover, days on market have decreased since last month, signaling a strengthening market and a sense of urgency for those looking to buy or sell.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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3 Things You Need To Know About Title Commitment

Looking for the inside scoop on title and real estate? Look no further than our new Three Things video series where we will highlight three things you should know about various title and real estate topics.

First up is Republic Title’s Janet Allen and Matt Visinsky discussing the 3 things you need to know about the Title Commitment. They cover what the title commitment is and the three key parts of the Title Commitment: Schedules A, B and C.

For more information, check out our blog post on the ABC’s of the Title Commitment: https://www.republictitle.com/the-abcs-of-title-commitment/

March 2023

March 2023 DFW Area Real Estate Stats

March 2023 stats are in and we have the numbers! The North Dallas real estate market is seeing some interesting trends! Active listings in Collin, Denton, and Rockwall counties are up over 50% from last year, while the price per square foot has fallen across all counties. This means there are more options available for homebuyers looking to make a move in 2023. Interestingly enough, the list prices have fallen ever so slightly in all counties except Rockwall. Does this signal a shift to a more buyer-friendly market? Inventory will be the deciding factor, so stay tuned for stats this summer to see!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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HOA Issues

Republic Title’s Scott Rooker and Shaun Neidigh sat down recently to discuss all things HOA including HOA issues and the HOA Addendum in the TREC 1-4 family contract.

The 1-4 family TREC contract may have an Addendum for Property Subject to Mandatory Membership in a Property Owners Association, often referred to as the HOA Addendum. Section A shows who is going to pay for the Subdivision Information and when the information is due to be delivered by the Buyer to the Seller. This section may give an out, or right to terminate the contract to the Buyer. The Subdivision Information is defined as both a current copy of the restrictions for the subdivision and bylaws and rules of the Association, and a resale certificate.

Listen in as Republic Title’s Shaun Neidigh and Scott Rooker discuss:

– What are traps you may fall into regarding HOAs?

– How much time should you allow for delivery of HOA documents?

– How can I help protect buyers and sellers from surprises?

For more informative videos from the Republic Title Legal Team, check out our YouTube channel: Republic Title – YouTube

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February 2023 DFW Area Real Estate Stats

Attention home buyers and sellers! The February real estate stats are in and it’s important to stay informed. Active listings are up in every county compared to last year, providing more choices for home buyers. However, days on market are also up in every county, indicating a more competitive market for sellers. In Dallas County, new listings are down 7.4% from last year, but Collin County and Denton County are seeing an increase in new listings. It’s a unique moment in the housing market, so stay informed before making any decisions!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.