Denton TX Homes For Sale

Denton Texas Homes For Sale

Seasonality Returning to the Denton County Housing Market

Seasonality is returning to the Denton County housing market. Home sales fell for a fourth consecutive month in October. Closed sales were down 15 percent. Pending sales fell 9 percent from the same time a year ago. Home prices in Denton County are still overheated. Median prices were up 17.3 percent. The average price of a Denton County home was 22.6 percent higher compared to last year. While prices remained off their record highs seen in August, prices on a per square foot basis set new records. The median of $186 per square foot was [...]

Average Denton County Home Costs More Than Half a Million

Denton County home prices shattered records last month. The median price of a home in the area hit $410,000, up 22.4 percent from the same time a year ago. The average price of a Denton County home hit $506,957, shattering the previous high set in June. The new average home price above half a $million was 29.7 percent higher than August of 2020. Average prices for new construction and resale properties hit new records last month as inventory remained in the basement. The number of homes available for sale in Denton County dipped slightly from [...]

North Texas Home Sales Taper Before The Fed

North Texas home sales have tapered before the Federal Reserve. The stellar spring selling season is gone, and now we just have the record high prices along with limited inventory. NTREIS stats show that home sales across the Dallas-Fort Worth area declined for the second month in a row in July. Closed sales were down 15 percent, and pending sales were 10 percent lower. After setting records in June, it appears area home prices have also peaked for the time being. Median and average home prices in North Texas slipped last month but were still [...]

North Texas Home Prices – A Bubble Begging To Be Burst

Jerome Powel and the Federal Reserve are creating another massive housing bubble. The bubble inflated even more in June as the Fed continued with $120 billion per month in asset purchases and the balance sheet hitting $8.1 trillion. The Fed's continued purchases ($40 billion per month) in the mortgage-backed securities market are utterly baffling considering the double-digit housing inflation numbers that keep piling up. So why is the Fed fanning the flames of asset inflation? Here's the primary reason... Lifestyles of the rich and famous Fed officials, most whom are millionaires themselves, are smart enough [...]

Denton County Home Price Inflation Breaks New Records

Denton County home price inflation broke new records in May. Median home prices were up 23 percent to a record $395,000. Average prices rose 26 percent to $462,193. That was just shy of the high seen in April. With inventory still sitting near record lows the average percent of list received by home sellers jumped to 104.9 percent in May.  Closed sales rose 18 percent in May, but pending sales were down 13 percent from the same time last year. Pending sales in North Texas were down 7 percent as the market ran out of [...]

North Texas Home Prices Defy Fed’s Transitory Narrative

North Texas home prices continue to defy the Fed's transitory narrative. While Jerome Powell and various FOMC officials waffle back and forth on continued stimulus, DFW homes are becoming more unaffordable. NTREIS figures for April show the median price of a DFW home jumping 17.4 percent to a record $317,000. The average price of a North Texas home hit a new record of $397,582. That was a jump of 26.8 percent from the same time a year ago. Those numbers make a mockery of Powell's ridiculous 2 percent inflation targets over the longer term. Home [...]

Insanity – Denton County Home Prices Go Parabolic

Denton County home prices went parabolic in March. The median price of a Denton County home rose 16 percent from March of last year. Average prices rose 23.5 percent to a new record of $448,566. The number of homes listed for sale in Denton County crashed 71 percent to only 976 properties. That translates to just 0.7 months of inventory at the current pace of sales. The March figures for closed sales show a 10 percent decrease from a year ago. That's despite a relatively easy year-over-year comparison when Covid put the brakes on the [...]

North Texas Housing Bubble Gasping For Air

The North Texas housing bubble was gasping for air in December. Inventory continued to dry up across the Dallas Fort Worth market, helping to push median and average home prices up 9.7 percent and 12.3 percent respectively. Prices on a per square foot basis hit fresh new highs in North Texas as 2020 came to a close. Ironically we saw a bevy of Federal Reserve officials calling for more inflation in the economy last week while home prices were posting double-digit year-over-year gains. North Texas home sales were up 16 percent from December of 2019. [...]

North Texas Home Prices Hit New Highs In Fed-Fueled Market Frenzy

The Fed-fueled housing boom of 2020 is still gripping North Texas. Median and average prices in the DFW area were up 13.1 percent and 15.5 percent respectively in November. Everyone moderately attached to central bank liquidity has been busy buying up assets. Denton home prices defied normal seasonal trends last month. Median prices in the city of Denton were up 6.1% compared to last year, while average prices hit a new record high of $315,590. That translates to a 13.4% increase from November of last year. Denton County saw similar home price gains with median [...]

Home Prices Soar As Denton County Home Inventory Bottoms

Home prices soared again last month as Denton County home inventory appears to have bottomed at record lows. Updated data show 1.3 months of supply in Denton County and just 1.7 months of home supply in the DFW market. With inventory running on fumes, median and average prices in Denton County climbed 9.9 percent and 9.5 percent respectively. North Texas saw home price gains of 12.4 percent and 14.8 percent compared to a year ago as the average price of a DFW home eclipsed $360,000. The reflation trade in the real estate market looks to [...]

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