July 2022 DFW Area Real Estate Stats
July stats are here and we have the numbers! Home prices continue to increase in North Texas! Collin County leads the pack with an average price of $602,166 which is up 19.2% over July 2021. According to a report from Texas Realtors, house prices are climbing faster in North Texas than they are in any […]
Texas Housing Insight May 2022 Summary
Both U.S. and Texas’ construction permits shrank, posting the third decline in the last four months, signaling a future slowdown in national and state homebuilding. Although the projection on Texas’ year-end supplies decelerated, current supplies expanded as new listings and active listings grew. Record-high housing prices and robustly rising mortgage rates deterred many potential buyers. […]
June 2022 DFW Area Real Estate Stats
https://youtu.be/ORL-_voUzQw June stats are here and we have the numbers! In June, home inventory increased in each county with new listings up ranging from 6% to 32% over June 2021. There is also an increase in inventory compared to last month in each county which is welcome as the DFW housing market has experienced tight […]
Texas Housing Insight April 2022 Summary
Record housing prices and rapidly rising mortgage rates are making homebuyers reconsider the value of home purchases. In April, the median single-family price climbed to almost $350,000 in Texas, and the national mortgage rate rose almost 2 percent in the span of one year, making home purchases a challenge especially for first-time buyers. Seasonally adjusted […]
May 2022 DFW Area Real Estate Stats
https://youtu.be/Y9vpaXc_mbw May stats are here and we have the numbers! Inventory is increasing with new listings up in Collin, Dallas, Denton, and Tarrant Counties over April 2022. Average sales prices are up ranging from 14% in Dallas County to 26% in Rockwall County compared to May 2021. Average days on market across the five counties […]
Texas Housing Insight March 2022 Summary
Total Texas housing sales continued to grow, increasing by 3.4 percent in the first quarter. Sales were concentrated on homes priced over $300,000. The constrained inventory in the lower-priced cohort pushed the median housing prices to a record-breaking level. Despite rising mortgage rates, housing market demand remains robust, driven largely by demographics. As building material […]
Texas Housing Insight February 2022 Summary
Texas’ housing market fell slightly in February as supply constraints continued pushing downward on the market, and mortgage rates increased. February sales and active listings were both down, resulting in an inventory level of about one month. Housing starts rose despite the continued surge in building material prices and dip in permits. The greatest challenge […]
April 2022 DFW Area Real Estate Stats
April stats are here and we have the numbers! The housing market in North Texas continues to be hot! New listings are up consistently in all five counties over March 2022 as the Spring market continues to heat up. Despite higher mortgage rates, demand remains strong in North Texas. Average sales prices are up ranging […]
Texas Housing Insight January 2022 Summary
Texas housing sales continued to rise in January, compounding gains despite ongoing supply constraints. The months of inventory (MOI) slid to 1.4 months, putting downward pressure on the market. Single-family permits, however, increased, and housing starts continued to rise despite steep price hikes in lumber and other building inputs. Finding homes priced below $300,000 remained […]
March 2022 DFW Area Real Estate Stats
https://youtu.be/hk9YJpXtec4 March stats are here and we have the numbers! The Spring selling season is underway, and the market reflects that with new listings up in all five counties, though they are just slightly down from March 2021. The average days on market continues to drop each month and averages 21 days in Collin, Dallas, […]
