Thursday, November 21, 2024

🏡 Dallas-Fort Worth Real Estate Update – October 2024 📊

 

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!


fantastic web resources that will turn your real estate dreams into a reality: Insider Tips, New Construction Marvels, and More! 🏡✨


Get a Cash Offer on Your Home Today


bret@homeswithmerit.com 214-315-9465




agent_headshot

Bret Wilson
Realtor®

214.315.9465
Lic #0606304
bret@homeswithmerit.com


No comments :

Post a Comment