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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.

HOA-Issues

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.

Seller-Leaseback-Issues

Seller Leaseback Issues

A Sellers Temporary Leaseback allows the seller to continue living in the home after closing for a limited time. The Seller leaseback begins when the sale is closed and funded and can last for up to 90 days. During this lease term the Seller is the tenant and the Buyer is now the landlord.
 
Join Republic Title’s Sarah Mann and Shaun Neidigh as they discuss:
– What is a Sellers Leaseback?
– What are the other terms that are negotiated?
– Additional considerations when negotiating a leaseback
 
For more informative videos from the Republic Title Legal Team, check out our YouTube channel: youtube.com/c/RepublicTitle/videos
 
Homestead-Exemptions

Homestead Exemptions

In our newest video, Republic Title’s Sheri Groom and Matt Visinsky discuss what you need to know about homestead exemptions. A homestead is a house or other residential structure that is used for residential purposes. To qualify for homestead in Texas the owner must be an individual (a corporation or other business entity cannot have a homestead), and use the home as his or her principal residence.

Listen in as Republic Title’s Sheri Groom and Matt Visinsky explain:

  • What is a homestead?
  • What are some of the benefits and protections of homesteads?
  • Who can apply for a homestead exemption?

For more informative videos from the Republic Title Legal Team, check out our YouTube channel: https://youtu.be/OHUe02-4c4c

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January 2023 DFW Area Real Estate Stats

January 2023 stats are in!

In January 2023, new listings are up in all North Texas counties that we report on over December 2022 so the much-needed inventory is coming to market.

Active listings are up across the board compared to this time last year ranging from 71% increase in Dallas County to 195% increase in Denton County. Compared to January 2022, average sales price has increased in each county except Denton which was down slightly.

Dallas is expected to be the top buyer’s market in the nation by year-end 2023 so all eyes are on the Spring selling season!

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.