Denton County Home Inventory Reaches New Record High
Denton County's available home inventory reached a new record high in June. The supply of homes for sale in this part of North Texas is up 670 percent from the Covid lows. Denton County reached 5 months of supply in June. That's a 43 percent increase from last year. Amid the new stagflationary market, closed sales rose 9.3 percent in June. Pending contracts fell 3.7 percent. Home prices remain stuck in the mud across North Texas. Median home prices in Denton County fell 3.4 percent year-over-year in June. Average prices declined 4.9 percent. A softening [...]