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DFW Home Prices

New Home Sales Revised Lower In November

New home sales were revised lower in November. The Census Bureau reported new home sales at a seasonally adjusted annual rate (SAAR) of 841,000 units last month. New home sales were still up 20.8% compared to last year, but sales dropped 11 percent from the revised October figure of 945,000 units. August and September were also revised lower. Let's dig into the numbers and find out what happened. The median price of a new home in the U.S. stood at $335,300. The average price was $390,100. Months of supply for new homes stood at 4.1 [...]

By |2020-12-24T11:53:24+00:00December 24th, 2020|Denton County Home Prices, Denton County New Homes, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Housing Market, Mortgage Rates, New Home Sales, Spin Cycle|0 Comments
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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 [...]

By |2020-12-17T15:51:10+00:00December 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Mortgage Rates|0 Comments
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New Home Sales Level Off With Rates Near Record Lows

New home sales have leveled off now that mortgage interest rates stagnating at record lows. It would appear the massive stimulus from the Fed which began in March of this year has run its course. The big question is what comes next. The Census Bureau reported new residential home sales for October at a seasonally adjusted annual rate of 999,000 units. This was better than expected and previous months were revised upward as well. Compared to October of last year, new home sales rose 41 percent. Median and average prices of new homes sold (contracted) [...]

By |2020-11-28T12:50:40+00:00November 28th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Policy, Mortgage Rates, New Home Sales|0 Comments
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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 [...]

By |2020-11-23T12:54:15+00:00November 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market|0 Comments
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New Home Sales in September Lighter Than Expected

New home sales for September came in a little lighter than analysts expected. The Census Bureau reported new home sales for September at a seasonally adjusted annual rate (SAAR) of 959,000. This was down from August numbers which were revised lower. Despite missing expectations, September new home sales were still up 32.1 percent from last year. The summer and fall of 2020 have seen an incredible run for new home construction in the United States. It has been an incredible run considering the economic backdrop. While the median price of a new home rose slightly [...]

By |2020-10-28T11:24:54+00:00October 26th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Mortgage Rates, New Home Sales|0 Comments
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North Texas Home Sales Defy Economic Stagnation

North Texas home sales continued to defy economic stagnation in September. NTREIS data reflect a 24 percent rise in home sales in the DFW area last month. Pending sales look to be up by 17 percent. The median price of a DFW home jumped 10.3 percent compared to a year ago. Average prices climbed 13.4 percent. Months of inventory plummeted 46 percent to just 1.9 months of supply. Denton County home sales skyrocketed 30 percent with pending sales up 18 percent. The median price of a Denton County home jumped 7.8 percent while average prices [...]

By |2022-08-06T13:36:17+00:00October 10th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Mortgage Rates|0 Comments
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NAR: Existing Home Sales Rise Double Digits

The National Association of Realtors reported existing home sales for August at a seasonally adjusted annual rate (SAAR) of 6,000,000 units. That was up 2.4 percent from July numbers and a 10.5 percent increase from August of last year. According to NAR the median price of an existing home was $310,600 in August.  That's an increase of 11.4 percent from August 2019. The average price of an existing home jumped 8.8 percent from last year to $342,500. August was the 102nd straight month of year-over-year home price gains. Home price inflation is running well ahead [...]

By |2020-09-24T10:49:15+00:00September 22nd, 2020|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales|0 Comments
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North Texas Real Estate Market Partying Like It’s 1999

The North Texas real estate market continued to ramp higher in August. Median home prices in Denton County jumped 6.3 percent last month, with average prices rising 7.4 percent compared to a year ago. Denton County home sales increased 10 percent, while pending sales for Denton County homes shot 33 percent. Home buyers are still riding that wave of liquidity, and who can blame them. Mortgage rates just hit a new record low in the latest weekly survey, with the rate on the 30-year fixed dropping to 2.86 percent. Those low rates helped push North [...]

By |2020-09-10T22:08:25+00:00September 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgage Rates, Texas Real Estate|1 Comment
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Denton TX Home Prices Go Parabolic With Fed Liquidity

2020 is going to be memorable for a number of reasons, and the housing market is certainly one of them. With the Federal Reserve injecting $trillions in Covid stimulus to prop up the flailing U.S. economy, Denton Texas home prices managed to completely detach from traditional fundamentals in July. Denton TX home prices skyrocketed 14.8 percent to an average price of $316,601 last month, easily shattering the all-time record. 3647 fewer people had jobs in Denton according to the latest employment report, but apparently it didn't matter. 2020 is all about central bank liquidity and [...]

By |2020-08-13T10:29:19+00:00August 10th, 2020|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Housing Market, Texas Real Estate|3 Comments
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Corona Hangover Coming To The North Texas Housing Market

A corona hangover is coming to the North Texas housing market. It's not a question of if, but when. Texas posted a 3rd consecutive daily record yesterday for Covid-19 fatalities, and the 2nd wave of the coronavirus has put the reopening of the Texas economy on hold. The fall opening of schools and universities is becoming more problematic by the day. Anxiety is a now common theme because there are few good choices available when leaders at the Federal and state level have failed us in so many ways. North Texas home sales rebounded sharply [...]

By |2022-08-06T13:36:48+00:00July 10th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Market, Mortgage Rates|2 Comments
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