Months Of Inventory

Denton County Housing Market Stumbles in January

Denton County's housing market stumbled in January. 2026 isn't off to a great start if you were looking for more home sales volume. January home sales fell 10.4 percent year over-year. Pending contracts fell 9.7 percent. So what happened? Well, for starters inventory hasn't perked up just yet. The seasonal rebound in inventory appears to have been delayed a bit by the big ice storm. It will be interesting to see what the coming weeks have in store as the weather warms up. Area home prices remained soft to start the year. Median home prices [...]

North Texas Housing Market Correction Gets Real

The North Texas housing market correction continues to cause more pain. Median home prices across Denton County collapsed 9.2 percent year-over-year in November. Average prices are down 8.7 percent from last year. Closed sales were down 12 percent from a year ago. With the sharp drop in prices, pending contracts managed a 3 percent increase. As we say in the business, "Price cures all defects". That's certainly true in today's market. Sellers Still in Denial Many prospective sellers were getting their wings clipped this year. We can see this in the cancelled and expired listings. [...]

Denton County Home Prices Turn Lower

Denton County home prices turned lower in August. Plentiful inventory and more economic uncertainty continued to weigh on the local real estate market. Consumers appear to be caught between a rock and a hard place with a softening job market and above-normal inflation. Mortgage rates have improved, but not enough to make a significant difference. Median home prices were 9.4 percent lower year-over-year across Denton County. Median single-family home prices declined by 10.2 percent compared to last year. There are still plenty of homes for sale in North Texas even after resale speculators pulled their [...]

Denton County Housing Market Continues to Normalize

Denton County's housing market continues to normalize. This healing process for the local market is challenging, but necessary. After massive distortions and market interventions, time is still the market's best friend. There are many industry participants who still want a quick fix, but it bears repeating. Artificially low rates and bailout stimulus helped create the savagely unaffordable U.S. housing market. Another quick "fix" is the last thing we need. Normal market interest rates have helped to bring more inventory back to the market. We've seen record amounts of inventory across many North Texas submarkets this [...]

Stagflation Continues for North Texas Housing Market

Stagflation continues to be the theme for the North Texas housing market. Sales and contract activity remain sluggish as DFW home prices remain at inflated levels. Home sales across North Texas slid 5.5 percent year-over-year in May. Sales were down 3.5 percent in Denton County. Collin County managed a 1 percent increase. Median prices slid 4.8% and 4.9 percent respectively in Denton and Collin Counties. That reversion to the mean has been a consistent trend so far in 2025. Severely strained housing affordability levels continue to take a toll on contract activity. At the same [...]

Denton County Home Inventory Surges to Record High

Denton County home inventory has quietly surged to a record high. Across North Texas, the supply of available homes has never been higher. The much-maligned housing shortage is a thing of the past. All it took was a little time and normal mortgage interest rates. There are now over 5,000 homes available in Denton County. That supply is well above the previous high in June of 2019. Denton County now has 4.4 months of supply. That's a 66 percent rise from last year. It's also well above inventory levels we saw prior to the pandemic. [...]

Tariff Wars Hit the North Texas Housing Market

Tariff wars have filtered into the housing market in 2025. While many real estate industry participants were expecting a more friendly administration for business, so far we've experienced the complete opposite. Trump's sabre rattling and mercantilistic stance on foreign trade has upended the stock market and put a damper on the housing market. Not surprisingly, North Texas home sales remain stuck in the mud of volatility. Closed home sales across North Texas fell 5.8 percent year-over-year in February. Pending contracts decreased 6.9 percent. Denton County saw similar decreases in activity. Median and average home prices [...]

Denton County Real Estate Market Stagnation Continues

The stagnation continued for the Denton County real estate market in January. 2025 is not off to a great start. Home sales were up 3.8 percent from a year ago, but pending contracts were 7.8 percent lower compared to last year. Contract activity in the city of Denton fell 10 percent year-over year. Closed sales plummeted 23 percent. That was the lowest sales volume for the city since January of 2017. The combination of historically normal market interest rates combined with inflated home prices continues to be a toxic mix for the Denton County real [...]

North TX Housing Affordability Gets Crushed

North Texas housing affordability got crushed in October. The temporary relief of lower mortgage rates was just that. Mortgage rates bounced significantly following the Federal Reserve's September rate cut. Real market rates for traditional U.S. mortgages remain near the 7 percent mark following the election. The combination of real mortgage rates and continued high prices has proven to be a major challenge for the North Texas housing market. As rates and expectations cooled into the September FOMC meeting, available home inventory was beginnig to shrink. Denton County home sales jumped 10 percent from the previous [...]

Inflated Prices Curb Denton County Home Sales

Inflated prices continue to curb Denton County home sales. Prevailing mortgage rates are at the lowest levels we've seen in 19 months, but that hasn't helped sales activity. Closed sales were down 7 percent year-over-year in the DFW area. Sales were 9 percent lower across Denton County, while pending sales contracts slid 11 percent. It might have something to do with the prices. Average home prices in Denton County were up 5.7 percent from a year ago, flirting with that spring 2022 bubble top again. Official stats show we still haven't taken out the May [...]

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