Market Data RSS Feed
I'm honored to be named "D Best" and "D Top Producer" again this year for selling greater than 10 million dollars in real estate each year. Thank you to all of my wonderful clients. You guys are the best!
A little late with this post, but hey we've been busy selling houses! It was a great 2018, and 2019 is going to be even better!
- Agents sold 8,260 preowned homes in September, a 7% decrease from September 2017.
- Year-to-date existing home sales are now flat with the same period of 2017; a record of over 106,000 existing homes were sold in 2017.
- Higher mortgage rates and years of rising home prices have caused some buyers to retreat from market.
- Inventory of available homes increased 16%, but still represents only a 3-month supply; 6 months is considered a balanced market.
It’s always a welcome change to me when the temperature falls (some) and the leaves begin to change to vivid autumn hues.
As you can see in the enclosed report, it appears our housing market is also changing a little with the season. After several years of an almost…
- Agents sold 10,488 preowned homes in August, a 1% decrease from August 2017.
- The year-to-date sales pace remains 1% ahead of 2017, which had the highest number of sales on record.
- The average sales price in July climbed again by 5% to $313,263.
- Demand and price appreciation for more expensive homes has flattened out.
- Strongest sales pace in August was for homes in the $200,000 to $400,000 price range.
North Texas continues to be a top destination for in-migration from other states. Job growth is high and home pricing is reasonable compared to metros on the coasts. For these reasons, experts predict that we will continue to experience a healthy, stable housing market. But, residential real estate will always be a localized…
After a decline in June, North Texas existing home sales rose again in July with most of the activity occurring in the $200,000 to $400,000 range. New home starts are up 12% from 2017 as builders respond to the demand and lack of inventory in this price range. On the flip side, demand and price appreciation for higher-priced homes has softened, which makes it a great time to be a move-up buyer. But, the key to achieving your buying or selling goals in any price range is working with a professional who understands the diversities of today's market.
North Texas home sales surged in May, setting new records. But, there are different challenges and opportunities presented by different price points. Homes priced below $200,000 are quickly snapped up by millennials and investors, while owners of homes priced over $600,000 have more competition and less demand. The key to success is to enter the market with the expert guidance of a local real estateprofessional who understands the dynamics affecting your specific home sale or purchase goals.
I'm honored to be named a D Magazine Best Real Estate Agent and Top Producer again this year. Thank you so much to my wonderful clients. You guys are the best!
The Spring Selling Season is Here!
Buyer demand is as strong as ever, and the good news is that the inventory of available homes has increased 8 percent from the same time a year ago.
Even with the increase, however, the supply remains under what is considered a balanced market. Properties that are in a good location, in good condition and are priced accurately are a hot commodity.
If you would like a current analysis of what your home would possibly sell for in today’s market, I'd love to help. As an expert in our local market, I have been closely watching the trends and can explain how they affect you and your specific real estate goals as a buyer or seller.
Just call, email or text me anytime! And please recommend me to any of your…
The Spring Selling Season is Here…
…and if the sales pace of January and February is any indication,
we are in for the hottest on record.
Home financing costs have moved higher in the last few months and are expected to continue to rise, but the increases so far haven't been enough to cool demand.
Strong buyer demand has also put upward pressure on home prices, which have increased significantly during the past five years. As a result, the wealth factor for most homeowners has also increased. If you would like an analysis of the equity you have in your home now, I'd love to help. You may be pleasantly surprised!
Just call, email or text me anytime. And please refer me to any of your friends or family members who need experienced guidance…