Texas Housing Insight November 2023 Summary
The housing market remains tight despite mortgage rates falling from their elevated levels. Home sales decreased just shy of 1 percent month over month (MOM). Prices did not fall alongside sales as most of the state experienced minimal change in prices. Construction permits plummeted in November despite construction starts increasing. Homes sat on the market […]
December 2023 DFW Real Estate Stats
https://youtu.be/-OrVwJrjzn8?si=fFd41ycmDwt1Eg54 In December 2023, real estate statistics across various counties showed mixed trends. In Collin County, new listings increased by 15%, active listings rose by 13.8%, and the average sales price went up by 3.5% to $569,839. However, there was a 2.1% increase in days on market, reaching 49 days. Price per square foot also […]
November 2023 DFW Real Estate Stats
https://youtu.be/U7wBC2q2xRk November stats are in! New listings increased over November 2022 in all counties except for Denton County. Rockwall County saw the biggest increase in new listings with 219 (up 16.5% over November 2022). Days on market increased in Denton County (7.7% YoY), Dallas County (6.1% YoY), and Tarrant County (7.9% YoY) while Collin County […]
Texas Housing Insight – October 2023 Summary
High mortgage rates continue to put downward pressure on the housing market, with Texas home sales decreasing 5.9 percent year-over-year (YOY). The average price fell alongside sales, with homes costing around $6,000 less than in September. Demand for new construction increased despite the high entry barrier into the housing market. Homes continue to sit on […]
October 2023 DFW Real Estate Stats
October Stats are in! In Collin, Dallas, Denton, Tarrant and Rockwall Counties, new Listings, active listing counts, days on market, average sales prices are up a few percentage points from last year. Closed sales across the counties, with the exception of Collin County with 1122 sales in October are down a few percentage points from […]
September 2023 DFW Real Estate Stats
https://youtu.be/qfLlU2-z_eU In September 2023, active listings varied across counties. Collin County witnessed a 10% decline, Denton County experienced a 10% decrease, while Dallas County and Tarrant County saw increases of almost 4% and 3.7% respectively. Rockwall County noted a 4.5% reduction in active listings. Regarding closed price per square foot, Collin County saw an increase […]
Texas Housing Insight August 2023
August was a positive month for Texas’ residential real estate industry. Despite persistently high interest rates, total home sales picked up 9.5 percent on the consumer side, and construction permits accelerated by 5.3 percent on the supplier side. Amid the growth, the median price slipped for the first time after seven consecutive upticks. While the […]
August 2023 DFW Real Estate Stats
https://youtu.be/QrYqvnTEgII?si=jxxjN5xtJR3cbVpT 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 […]
Texas Housing Insight July 2023 Summary
The persistent rise in mortgage rates continued to exert a cooling effect on the housing market. Texas’ home sales experienced an 8.4 percent year-over-year decline in July. Despite this diminished home demand, the scarcity of existing home sales contributed to a 2.1 percent increase in the state’s median price in 2023, leaving the index for […]
July 2023 DFW Real Estate Stats
https://youtu.be/NOL6uXizBWA 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% […]
