Denton County Home Prices Fail To Recapture 2022 Peak

Denton County home prices have so far failed to recapture their 2022 highs. Official NTREIS stats show median home prices in Denton County Texas were 7 percent ($35,000) lower than May of last year. Average prices were down 6.8 percent ($40,000) year-over year. Home sales in the area were down 3.9 percent from this time last year. Stagnant sales volumes remain a theme with 6 and 7 percent interest rates taking a bite out of affordability for many prospective buyers. Pending contracts in Denton County were 7 percent lower year-over-year in May. Available home inventory [...]