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Real Estate Market

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 [...]

By |2024-08-13T11:21:08+00:00June 11th, 2023|Denton County Home Prices, Denton County Homes For Sale, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, 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, Monetary Policy, Mortgage Rates, Politics|0 Comments
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New Home Sales Receive a Small Boost From Lower Prices and Rates

New home sales received a slight boost in December. The Census Bureau reported new home sales at a seasonally adjusted annual rate of 616,000 units. This was in line with expectations, but previous months were revised lower. The median price of a new home in the U.S. was $16,900 lower in December. Sales were also helped by mortgage rates dropping roughly half a percentage point. The supply of new homes dipped in December, but finished inventory continues to grow. There are now 1.4 months of completed new construction inventory in the U.S. There is plenty [...]

By |2023-01-26T22:19:43+00:00January 26th, 2023|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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New Home Sales Highest Since 2006

New home sales for August came in at a seasonally adjusted annual rate (SAAR) of 1,011,000 units. This was above expectations depending on who you were asking. The August figures from Census put U.S. new home sales up 4.8 percent from July, and up a whopping 43.2 percent from August 2019. New home sales were at the highest levels since 2006. Previous months were also revised higher. The median price of a new home in August was $312,800. The average price came in at $369,000. Both figures are lower than prices for July and down [...]

By |2020-09-24T22:01:07+00:00September 24th, 2020|Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW New Homes, DFW Real Estate, Employment, Housing Market, Housing Policy, Mortgage Rates, New Home Sales, Relocation|0 Comments
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North Texas Real Estate Market Partying Like It’s 1999

The North Texas real estate market continued to ramp higher in August. Median home prices in Denton County jumped 6.3 percent last month, with average prices rising 7.4 percent compared to a year ago. Denton County home sales increased 10 percent, while pending sales for Denton County homes shot 33 percent. Home buyers are still riding that wave of liquidity, and who can blame them. Mortgage rates just hit a new record low in the latest weekly survey, with the rate on the 30-year fixed dropping to 2.86 percent. Those low rates helped push North [...]

By |2020-09-10T22:08:25+00:00September 10th, 2020|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, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgage Rates, Texas Real Estate|1 Comment
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Corona Hangover Coming To The North Texas Housing Market

A corona hangover is coming to the North Texas housing market. It's not a question of if, but when. Texas posted a 3rd consecutive daily record yesterday for Covid-19 fatalities, and the 2nd wave of the coronavirus has put the reopening of the Texas economy on hold. The fall opening of schools and universities is becoming more problematic by the day. Anxiety is a now common theme because there are few good choices available when leaders at the Federal and state level have failed us in so many ways. North Texas home sales rebounded sharply [...]

By |2022-08-06T13:36:48+00:00July 10th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Market, Mortgage Rates|2 Comments
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Denton County New Home Prices Fall 12 Percent

Average new home prices in Denton County were 12 percent lower than the same time a year ago. Updated NTREIS Trends figures show a 7.2 percent decline in the median price for a new home in Denton County while average prices of new construction slid 11.7 percent from March of last year. New home prices in the Dallas-Fort Worth area have been on a continued a downward trend since the summer of 2017. The reason in one word...affordability. The trend of the incredible shrinking new home and lot size throughout the DFW area is going [...]

By |2022-08-06T13:38:41+00:00April 18th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, 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|0 Comments
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Easy Comparisons Coming To An End For DFW Housing Market

The easy year-over-year comparisons are coming to an end for the DFW housing market. Dallas-Fort Worth home sales rose one percent in November compared to the same time a year ago, while pending home sales were about 5 percent higher. DFW is capping off 2019 with nice little rebound in real estate sector. Next year the easy comparisons for the housing market will be a thing of the past. That 117 basis point drop in mortgage rates we saw for November won't be there to stimulate sales. Area home prices which were inflated by the [...]

By |2019-12-13T13:05:59+00:00December 10th, 2019|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, Housing Market, In the Press, Mortgage Rates, Texas Real Estate|0 Comments
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Denton County Home Sales Resume Slide In June Amid Affordability Crunch

Denton County home sales resumed their slide in June amid the continuing affordability crunch. Despite the large drop in mortgage interest rates experienced this year, home sales in Denton County dropped 6 percent compared to the same time last year. This was in line with the 6 percent slide seen throughout the DFW area. The average price of a home in Denton County in June posted at $364,887, a decline of 1 percent from June of 2018. Median home prices in Denton County were unchanged from June of last year, posting at $325,000. The bump [...]

By |2019-07-16T15:14:49+00:00July 10th, 2019|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, Housing Market, Mortgage Rates, Relocation, Texas Real Estate|0 Comments
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Denton County Home Sales Climb In May, City of Denton Sees All-Time High For Prices

Denton County home sales rose 3 percent compared to the same month last year, driven by a the precipitous drop in mortgage rates which are now back below a 4-handle. The increase in home sales this spring has offset the weak start to the year during the first quarter. The average price of a Denton County home was roughly $368,525 in May, up 4 percent from prices last year. The inventory of homes for sale in Denton County rose 25 percent, hitting 3.4 months of supply. New home sales continued to fare better than the [...]

By |2019-06-17T12:33:48+00:00June 11th, 2019|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, DFW Relocation, Mortgage Rates, Relocation, Texas Real Estate|0 Comments
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Lower Mortgage Rates Fuel February Rebound In Denton County Real Estate Market

Lower mortgage interest rates and a sharp rebound in the stock market helped fuel a rebound in the Denton County real estate market in February. Closed home sales declined 4 percent year-over-year, improving from poor January figures. Average home prices in Denton County rose 2.4 percent compared to February of last year. Pending home sales for February actually moved into positive territory rising 6 percent for the month. The increase in contract signings indicates that buyers were enticed by dramatically higher inventory levels and the improvement in mortgage interest rates. New home sales in particular, [...]

By |2024-02-07T23:11:33+00:00March 11th, 2019|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, Housing Market, Mortgage Rates, Relocation, Texas Real Estate|0 Comments
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