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Denton County Home Prices

Denton County Home Sales Edge Higher In May

Denton County home sales edged up slightly during May with closed sales rising roughly 3 percent compared to a year ago. Sales of new construction were a bit softer than resales during May due to inventory mixes. The city of Denton saw home sales rise by almost 11 percent in May as lower average price points continued to boost activity. With the Federal Reserve poised to hike rates again this week, it's all about interest rates and affordability. The greater DFW area saw relatively flat home sales volume in May. Although new home builders were [...]

Denton County Home Sales Flat In April Amid Higher Mortgage Rates

Denton County home sales were relatively flat in April compared to the same month in 2017. Preliminary sales figures show a 1 percent decline in closings within Denton County compared to a two percent sales gain in the larger DFW area. Average home prices in Denton County were up 7.5 percent compared to last year, in line with the record high prices seen in recent months. Pending sales, a more forward-looking indicator of future closings also point to some stagnant sales activity ahead. Pending sales in Denton County show to be up 2.7 percent while [...]

Denton County TX Home Sales Flat In February As Prices Rise

Denton County home sales followed the trend in the DFW area during February, roughly unchanged from the same sales volume a year ago. The average price of a Denton  County home rose almost 5 percent year-over-year to just over $341,000. The median price of a Denton County home rose 7.5% to $304,990. The average price of a new Denton County home rose 9.6 % in February to $432,625. Resale price gains were more muted in February, rising only 4.0 percent compared to last year. Pending home sales in both Denton County and the greater DFW [...]

Denton County Home Sales, Prices Push Higher In January

Denton County home sales pushed higher in January along with average prices. Closed home sales in Denton County rose about 4 percent compared to last year while the average price of a Denton County home was roughly 7 percent higher than this time a year ago. Pending sales were off about 5% in January and the number of homes available on the market was roughly 11 percent higher year-over-year. Denton County months of supply is still less than two months at 1.9. The City of Denton saw even stronger activity during January. The average price [...]

Denton County Home Rental Prices Stagnate

Single-family rental prices in Denton County were basically flat during December. As home prices have continued to creep higher in the area, average rents for single-family homes in Denton County are not as strong. Prospective renters are likely getting stretched with home price inflation exceeding average wage growth. This would help to explain why the average price of home rented in Denton County in December 2017 dropped about 2 percent compared to December 2016. The average price per square foot for a rental in Denton County did rise slightly, but the average size of homes [...]

Denton County Real Estate 2018: All Eyes On The Fed

As we embrace the new year, and the freezing temperatures that arrived with it, Denton County real estate prices continued to climb higher as sales continue to grow at a measured pace. The housing boom seen during the last 4-5 years has been impressive by any standards. As the Fed continues its much anticipated balance sheet "normalization", there is a lot at stake for local real estate markets.  The U.S. housing market is now heavily dependent on Fed stimulus, in the form of artificially depressed mortgage interest rates, and the artificial "wealth effect" created by [...]

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