The North Texas housing market started the year off strong
with the most home sales ever in the month of January.
Even in the face of increasing interest rates, we expect the demand for homes to stay as strong as the pace of job and population growth our state is experiencing. However, we expect the pace of home price increases to slow down. And, that’s not necessarily a negative as economists keep an eye on the dangers of over speculation in markets across the U.S.
Enclosed is a report showing activity in area communities during the first month of the year. But conditions and trends vary down to the block level in specific neighborhoods and in each price category. If you are thinking of selling your home, I would be happy to provide the most current information on your property and help you evaluate the options that are available if you buy another home.
We are heading into the prime season for residential sales with multiple corporate relocations underway. I welcome the privilege of assisting you, your friends or family members with any of your real estate needs!
