More and more homes have flooded our market (ignore that rain pun!), and it's changing our market FAST.
Our area has had one of the biggest increases in the country in the number of homes listed for sale, according to Realtor.com. D-FW ranked eighth among the 10 major U.S. markets with the greatest increase in home listings in September, up 14 percent from the same period a year ago, according to Realtor.com.
Local real estate market numbers show that almost 26,000 preowned single-family homes were listed for sale in August with North Texas real estate agents. That's the highest volume in six years.
Nationwide, home inventories are at a 5-year high, according to Realtor.com.
"After years of record-breaking inventory declines, September's almost flat inventory signals a big change in the real estate market," Danielle Hale, chief economist for Realtor.com, said in the report. "Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize.
"But don't expect the level to jump dramatically," she said. "Plenty of buyers in the market are scooping up homes as soon as they're listed, which will keep national increases relatively small for the time being."
quotes and info from this Dallasnews.com story.
Like we've mentioned, our market is still competitive considering the amount of homes up to be available and the amount of seekers/buyers and people migrating into the metroplex. It's a "tight market" still, but maybe you'd say it's more normal these days. A great time to look and see what's come available and how it compares! Let's talk!
One of these (many) available homes is definitely for you.
6/4/2022 11:05:48 am
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