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Denton County Existing Home Sales Decline 11% In October

Denton County existing home sales declined 11 percent in the month of October. Sales of existing single-family homes were a bit softer still. Pending sales of existing resale single-family properties in Denton County currently show an 18 percent decline for October.  These updated NTREIS figures for Denton County Texas show that the correction in the North Texas real estate market is still in play. We are nearing the end of the month following the official press release, so don't expect any significant improvements to the numbers. As I mentioned in my October housing market report, [...]

By |2019-07-20T19:50:55+00:00November 22nd, 2018|Denton County Home Prices, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Texas Real Estate|0 Comments
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Denton County Home Sales Continue Sliding In October

Denton County Texas home sales continued to slide in October as the real estate market softened throughout the Dallas-Fort Worth area. Closed sales in Denton County fell roughly 8 percent for the month of October compared to last year. This is slightly worse than the 6% sales decline for the Dallas-Fort Worth metro area. Pending single-family home sales in the Denton County area were down about 14 percent for the month of October as the stock market swoon also hit the local housing sector. The official statistical estimate of a 9 percent pending sales decline [...]

By |2021-07-05T13:47:18+00:00November 9th, 2018|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, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Relocation, Spin Cycle, Texas Real Estate|0 Comments
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High End Dallas-Fort Worth Real Estate Could Get Crushed

As I detailed yesterday, the Dallas-Fort Worth real estate market fell out of bed last month. With pending home sales registered to post some of the worst numbers in years and inventory marching higher across the Dallas Fort Worth area, it is painfully clear that that the real economy in the DFW area is more fragile than the sell-side pundits would have us believe. I'm not surprised, because I cover the hype and spin in the real estate sector regularly on this blog. In a recent interview with Bloomberg, 'Black Swan' author Nassim Taleb specifically [...]

By |2020-03-28T14:49:20+00:00November 5th, 2018|DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, In the Press, Mortgage Rates, Spin Cycle, Video|1 Comment
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Existing Home Sales Lowest In 3 Years With 4.1% September Drop

The National Association of Realtors reported the lowest levels for existing U.S. home sales in 3 years. Sales of existing homes posted at a seasonally adjusted annual rate of 5,115,000 for September, down from August numbers which were also revised lower. The year-over-year decline in existing home sales of 4.1 percent puts sales levels back to where they were three years ago. Existing home inventory at 1.88 million homes was up slightly from last year's 1.86 million units. NAR's chief economist, Lawrence Yun, indicated that "higher interest rates have led to a decline in sales [...]

By |2020-09-22T15:47:51+00:00October 19th, 2018|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Mortgage Rates, Texas Real Estate|0 Comments
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Denton County Home Sales See Big September Decline

Denton County home sales saw a big September decline as Dallas-Fort Worth experienced the sharpest home sales drop in seven years according to the latest NTREIS data. The latest press release on September home sales show a statistically estimated 7 percent drop in total single-family home sales in North Texas during the month of September. Pending sales show to be down 6% year-over-year. The median price of a North Texas single-family home was $251,000 in September, a gain of 4%. The average price of a single-family home stood at $304,331, an increase of 6%. Single-family [...]

By |2022-08-06T13:43:07+00:00October 8th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates, Texas Real Estate|0 Comments
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Existing Home Sales Soften As New Home Permits Stall

Today the National Association of Realtors reported that existing home sales for August came in flat from last month, actually down about 1.5% from this time last year. The median price of an existing home sold in the U.S. during the month of August posted at $264,800, a rise of 4.6 percent year-over-year and the 78th consecutive month of year-over-year price gains. According to NAR chief economist, Lawrence Yun, "homes continue to fly off the shelves" with most properties selling within a month. The supply of existing homes in the United States rose to 4.3 [...]

By |2018-09-22T13:07:37+00:00September 20th, 2018|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Policy, Mortgage Rates|0 Comments
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Denton County Home Sales Slide 7% In August

Denton County home sales continued to stagnate in August, sliding 7 percent from the same time last year. Denton area home sales declined a bit more than the DFW area as a whole during August,  likely due to the higher average price points in Denton County. The average price of a Denton County home in August posted at $362,872, almost $50,000 higher than the greater DFW area. Pending sales for August are poised to be down double digits in Denton County, even while inventory creeps higher. With home buyers are looking for affordable housing options, [...]

By |2018-09-21T09:26:59+00:00September 11th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Texas Real Estate|0 Comments
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Denton County Home Inventory Climbs 17% As Sales Stagnate

The supply of homes for sale in Denton County TX continues to climb, even as area home sales stagnate. Recent data point to a 17 percent increase in the number of homes available for sale in Denton County compared to this time last year.  Home inventory in nearby Collin County is 21 percent higher than August of last year. Other major metro U.S. markets are seeing home inventory increase by as much as 90 percent. This was an inevitable point in the latest housing market cycle, for reasons that were obvious to anyone paying attention. [...]

By |2020-03-28T14:41:03+00:00August 30th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Politics, Relocation, Spin Cycle|1 Comment
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Census: New Home Sales For July Slide To 627,000 Annual Rate

The Census Bureau reported new home sales for July at a seasonally adjusted annual rate of 627,000. That translates to a 1.7% decline from June's pace but up 12.8% year-over-year. The median price of a new home contracted in July was $328,700, an increase of 1.7%. The average price of a new home sold (contracted) in July posted at $394,300, a rise of 5.9%. The July figures for new home sales were below estimates, and that year-over-year increase is a bit misleading. July of last year was a very poor month for new home sales, [...]

By |2018-08-24T11:07:49+00:00August 23rd, 2018|Denton County Home Prices, Denton County New Homes, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, New Home Sales, Texas Real Estate|0 Comments
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Look For Dallas Fort Worth Employment Engine To Cool

The Dallas Fort Worth employment engine could be cooling off after consecutive years of impressive growth. The latest numbers from the Texas Workforce Commission were still solid for July, reflective of the typical summer turnover, but there are headwinds now blowing against DFW job sector growth. Dallas Fed economists have miraculously figured out that previous employment growth projections for Texas were probably overstated. They have since dialed back their job growth forecast to 2.7%, down from the previous forecast of 3.0% released just last month. While it may catch many local economists off guard, the [...]

By |2019-10-24T22:05:46+00:00August 20th, 2018|Dallas Tx Employment, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Texas Real Estate|0 Comments
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