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Sharp Rebound in North Texas Home Inventory

North Texas home inventory has experienced a sharp rebound in 2024. The savagely unhealthy housing market and a buyers' strike have helped to replenish available housing stock this year. The key has been a dramatic turnaround in existing home inventory. Across the DFW area, existing home supply has rebounded sharply this year. Here's a county-level summary of the resale inventory increases in the Dallas-Fort Worth area through July 2024: Dallas County - Up 63.6% Year-over-Year (3.6 months of supply) Tarrant County - Up 59.1% (3.5 months of supply) Collin County - Up 69.6% (3.9 months [...]

By |2024-08-16T11:55:30+00:00August 10th, 2024|Denton County Employment, Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Property Taxes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Employment, Housing Market, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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Denton County Home Sales Hit 11-Year Low

Denton County home sales slid to an 11-year low in June. Closed sales continued to stagnate with mortgage rates still hovering near seven percent. Home prices were near all-time highs. The confusing mix of housing unaffordability pushed more more buyers to the sidelines. Closings were 14 percent lower year-over year. Average home prices in Denton County moved up 4.1 percent to $589,000 in June. Pending contracts slid 13 percent year-over-year in June. With sluggish sales, available home inventory perked up significantly last month. Months of supply in Denton County shot up 36 percent from a [...]

By |2024-08-13T11:02:03+00:00July 9th, 2024|Denton County Employment, Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates, Real Estate|0 Comments
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Denton County Home Sales Slide Again As Inventory Double Dips

Denton County home sales are drying up as fast as the inventory. Closings in Denton County fell 7 percent last month. Pending sales were just slightly lower compared to the same time a year ago. The problem continues to be sky high prices and super low inventory. The median price of a home in Denton County hit a record high $415,000 last month. Average home prices fell slightly to $477,978, but they are still 21.5 percent higher than the same time a year ago. The number of homes for sale fell for a 4th consecutive [...]

By |2021-12-11T13:50:07+00:00December 10th, 2021|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, DFW Relocation, Economy, Housing Market, Housing Policy, In the Press|0 Comments
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Denton Texas Employment Stalls With Fading Govt Stimulus

Denton Texas employment stalled in July as stimulus benefits for many Americans came to an end. While Denton and Denton County showed slight increases in employment from June levels, North Texas as a whole actually lost jobs during the month. The Dallas-Fort Worth-Arlington MSA region saw unadjusted nonfarm employment fall by 12,900 jobs from June levels. Employment for the North Texas region was down by 150,500 jobs compared to July 2019. The latest numbers from the Texas Workforce Commission in July are a stark reminder that the real economy has not fully recovered, even if [...]

By |2020-08-22T14:26:55+00:00August 22nd, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Employment, DFW Real Estate, DFW Relocation, Economy, Employment, Texas Real Estate|0 Comments
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Denton Texas Employment Rebounds, But More Assistance Needed

Denton Texas employment levels continued to rebound in June, but it is obvious more state and federal assistance will be needed to weather the Covid-related job losses. Yesterday Texas reported the 3rd consecutive day of triple digit fatalities and a record high single day death toll of 174 people. Denton County saw its largest one day spike in coronavirus cases during the pandemic. The recent spike in Covid cases and fatalities in the state of Texas has put Texas' economic reopening on hold. The start of the new school year is still a moving target [...]

By |2020-07-20T21:00:57+00:00July 18th, 2020|Denton County Real Estate, Denton County Relocation, Denton TX Real Estate, DFW Employment, DFW Relocation, Employment, Mortgage Rates, Relocation|0 Comments
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Denton County Unemployment Spikes To 12.9% In April

Denton County unemployment hit 12.9 percent in April, and the City of Denton saw unemployment spike to 14.1 percent last month. For the Dallas-Fort Worth-Arlington MSA, unemployment rose to 12.8 percent in April. Those were the sobering statistics from the Texas Workforce Commission. The destruction to the North Texas labor force created by the Covid-19 pandemic and lockdowns is hard to grasp, because the United States hasn't experienced anything similar since the Great Depression. Even after the Great Recession in 2008 U.S. unemployment levels peaked around 10 percent. The May unemployment numbers for Denton County [...]

By |2020-05-26T12:07:41+00:00May 26th, 2020|Denton County Employment, Denton County Relocation, DFW Employment, DFW Relocation, Economy, Employment, Relocation, Texas Employment|0 Comments
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Contracts For North Texas Home Purchases Still Shrinking

I have been monitoring the contracts for home purchases in the North Texas area since last week, and the numbers are not encouraging. The number of active option contract properties (listings where the home has gone under contract with a buyer option to back out) continues to shrink. This is not surprising considering the economic backdrop, but it also points to a more prolonged downturn than many in the real estate industry were expecting. Pending sales data for March will not be pretty, but the April data for North Texas home sales could be an [...]

By |2020-09-22T15:45:59+00:00April 3rd, 2020|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Employment, DFW Homes For Sale, DFW Real Estate, Economy, Employment, Housing Market, Housing Policy, Politics, Relocation, Texas Employment|0 Comments
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Reckoning Awaits For Inflated North Texas Real Estate Market

The reckoning awaits for the hyper-financialized north Texas real estate market.  It may take a few months for reality to sink in, but the writing is on the wall regardless of the efforts of housing industry pundits and professional economists to downplay the damage. The hopes of a v-shaped recovery are vanishing faster than the toilet paper on the shelves of your local grocery store. Many of the supposed experts, like the PhD economists employed at the Texas Real Estate Center at A&M, have turned a blind eye to the artificial inflation in Texas real [...]

By |2020-03-28T17:13:52+00:00March 21st, 2020|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Energy & Utilities, Housing Market, Markets, Mortgage Rates, Real Estate, Relocation, Texas Employment, Texas Home Prices, Texas Real Estate|0 Comments
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DFW Unemployment Rate Drops To 3.3 Percent

The Texas unemployment rate hit a fresh low in the month of June, with the official headline number falling to 3.4 percent. According to the Texas Workforce Commission Texas added 45,000 jobs during the month and 315,600 jobs over the latest 12 month period. Dallas-Fort Worth posted an unemployment rate of 3.3 percent, down from 3.8 percent a year ago. The news from the TWC is that Texas continues to be a beneficiary of the longest economic expansion in U.S. history, and the DFW area has certainly been a part of that expansion. Denton County [...]

By |2019-07-23T11:30:58+00:00July 21st, 2019|Denton County Relocation, DFW Employment, DFW Relocation, Economy|0 Comments
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Stagnating Home Sales, Mortgage Rates & Job Growth But The Fed Only Has Eyes For Wall Street

Home sales are stagnating, mortgage rates are falling and job growth is now waning. What's not to love? Today's nonfarm payrolls report was a resounding thud with only 75,000 jobs added in May. Previous months were revised downward as well. Everywhere you look, cracks are beginning to appear in the carefully varnished edifice the Federal Reserve likes to call an economy. Maybe this is why there were 13 Federal Reserve officials hitting the airwaves this week to talk up their most favored metric of economic validation, the U.S. stock market. Earlier in the week we [...]

By |2019-07-20T19:47:45+00:00June 7th, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Policy, In the Press, Mortgage Rates, Politics, Spin Cycle, Texas Real Estate|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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