The DFW housing market continues to show resilience and opportunity despite mortgage rates holding above 7%. Here’s the latest snapshot:
📈 Median Home Prices: Up 2.5% from this time last year, showing a steady market.
🏠 Active Listings: A significant increase of 37%, providing more options for buyers.
⏳ Days on Market: Homes are averaging 57 days, giving buyers more time to make informed decisions.
📦 Monthly Inventory Supply: Holding steady at 4.1, reflecting a balanced market.
📑 Closed Sales: A robust 13.4% increase compared to last year, demonstrating ongoing buyer activity.
💰 Hot Price Ranges: Homes priced between $300,000 and $399,000 remain in high demand, with $500,000 to $750,000 close behind.
With mortgage rates above 7%, buyers are navigating carefully, but this market shift offers exciting opportunities. More inventory and slightly longer market times mean buyers have the upper hand in negotiations — for now. 🗝️
Ready to explore your options or list your home? Let’s connect and take advantage of today’s market!
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bret@homeswithmerit.com 214-315-9465
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