Welcome to this month’s North Texas real estate market report for the counties of Collin, Dallas, Denton, Grayson, Kaufman, Parker, Rockwall, and Tarrant. The information in this real estate market report is based on data available as of April 4, 2022. Find out how the real estate market in North Texas has been performing over the previous seven days.
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North Texas Housing Stats
The data for the following counties are based on numbers for the week of March 28 to April 4.
Collin County, Texas currently has just a half month of inventory available to buyers, homes are on the market for a median of five days before being sold, and overbidding of properties continues as sellers are getting 105.9% of their list price at closing.
There was a total of 403 properties closed in Collin County over the last seven days, this is up from 275 the previous week, there were 325 properties that went pending, up from 326, and there were 314 new listings to hit the market between March 28 and April 4, up from 273 the week before.
In Dallas County, there are just 0.8 months of inventory available, homes are on the market for a median of seven days before being sold, and sellers are getting 101.5% of their original asking price at closing.
Dallas County, Texas, had a total of 550 single-family homes closed, up from 504 the previous week, there were was total of 578 properties that went under contract, down from 635, and there were 515 new listings to hit the market over the last week, up from 462 the week prior.
Denton County, Texas has just a half month’s supply of inventory available, homes are on the market for five days before being sold, and sellers are receiving 104.5% of the list price at closing.
There were just 338 properties closed in Denton County from March 28 to April 4, this is up from 374 the week prior. A total of 277 properties went pending, down from 299, and there were 297 new listings offered, up from just 200 the previous week.
Grayson County currently has 1.3 months of inventory available, homes are on the market for 11 days before being sold, and sellers are getting just 99.6% of their list price at closing.
In Grayson County there were only 63 properties closed on from March 28 to April 4, this is down from 67 the week prior. A total of 48 units went under contract, down from 67, and there was a week-to-week increase in new listings, up from 26 to 53.
In Kaufman County, Texas, there is just 1 month of supply available, homes are on the market for 13 days before being sold, and sellers are getting 101.3% of their list price at closing.
Kaufman County had a total of 123 closings during the week of March 28 to April 4, this is up from 85 the previous week, there were 86 properties that went pending, down from 97 one week ago, and there were 88 new listings to the market during this time, up from 79 the previous week.
Parker County, Texas, has 1.4 months of inventory available, homes are on the market for a median of 17 days before being sold, and sellers are getting 99.4% of their asking price at closing.
In Parker County, from March 28 to April 4, there were 84 closings, down from 75 the previous week, a total of 54 properties went under contract, down from 67, and there was a week-to-week jump in new listings up from 58 to 81.
Parker County, Texas, has 1.4 months of inventory available, homes are on the market for a median of 17 days before being sold, and sellers are getting 99.4% of their asking price at closing.
There was a total of 56 closings in Rockwall County during the week of March 38 to April 4, which is up from 48 the previous week. There was a jump in pending listings during this time, up from 36 the week prior to 62, and new listings increased week to week up from 38 to 44.
In Tarrant County, Texas, there is 0.6 months of inventory available, homes are on the market for a median of seven days before being sold, and sellers are getting 102.2% of their original list price at closing.
Tarrant County had a total of 538 closings during the week of March 28 to April 4, this is an increase from 489 closings the previous week. There were only 509 units that went pending, down from 578 the week prior,
What Does This Mean For Buyers?
Buyers looking for a single-family home in the North Texas area can expect to pay at least the asking price or, more likely, to pay higher than the asking price for a home. As inventory levels remain low, there will be lots of competition for the few homes that are available. Buyers should have financing in place and be prepared to act when a property is found.
Buyers may have to in some situations remove must-have features to acquire a home. Homes are getting bought up quickly, and if a home checks three out of four boxes, buyers should move swiftly and get an offer submitted.
While the market for homes in beautiful North Texas is dynamic and fast-moving, having an agent who has the expertise to find you the home you want. Give us a call today to get started!
What Does This Mean For Sellers?
The real estate market in North Texas currently favors sellers. Homes are in huge demand in the area and properties that get listed are selling quickly in most markets. Sellers who may have been waiting to get their property on the market should go ahead and do it today.
While interest rates are beginning to climb, the North Texas area is a magnet for buyers relocating from other states, and sellers should expect this trend to continue. The North Texas area is one of the most in-demand areas of the country, and its economy will continue to attract people who want to buy a home here.
If you are thinking of selling your home, give us a call today. Pricing your home correctly in a market of rising prices is the most important item when it comes to selling your home. Having an agent on your side who knows the North Texas real estate market is a strategic asset who will sell your home quickly! Don’t hesitate, get started today!
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