Texas Housing Insight June 2023 Summary
Contrary to investors’ fears, the “housing bubble” did not burst. Instead, a harmonious decline in both supply and demand has struck a balance, resulting in a boost to the housing median price. Throughout the first half of 2023, Texas’ median price has consistently shown a 0.3-0.4 percent growth every month. Due to current owners’ reluctance […]
June 2023 DFW Area Real Estate Stats
https://youtu.be/DJNngkGDkwI 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 […]
Texas Housing Insight May 2023 Summary
Texas had an uptick in home sales in May. At the same time the level of active listings continued to drop, resulting in shorter market times to sell and price growth. The market time shrunk for the first time since March 2022, now standing at 56 days. The median price has steadily increased by 0.4 […]
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 […]
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 […]
April 2023 DFW Area Real Estate Stats
https://youtu.be/u4O74wB4bwE 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 […]
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 […]
March 2023 DFW Area Real Estate Stats
https://youtu.be/XgzyF1IXLN0 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 […]
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 […]
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, […]
