Thursday, July 27, 2023
6000 Mickelson Way McKinney, TX 75070
Tuesday, July 25, 2023
14936 S Nightmist Road Aledo, TX 76008
Friday, July 21, 2023
528 Haven Drive Anna, TX 75409
DFW Metroplex Housing Report: June 2023
DFW Metroplex Housing Report: June 2023
As your trusted real estate professionals at MTX Realty, we are committed to keeping you informed about the latest trends in our local housing market. Here's a snapshot of the Dallas-Fort Worth (DFW) Metroplex market for June 2023, as compared to June 2022.
Median Home Price
The median home price for June 2023 was $410,000, reflecting a 3.8% decrease from June 2022.
Active Listings
Active listings in the DFW Metroplex have shown a significant increase, up by 17.3% as compared to last year. This offers a wider selection for prospective home buyers in the market.
Closed Sales
Closed sales have decreased by 4.8% compared to June 2022. This represents a slight cooling off in the pace of sales.
Days on Market
Properties are now staying on the market for an average of 73 days, which is 18 days more than in June 2022.
Months of Inventory
As of June 2023, the DFW Metroplex has 2.5 months of inventory, up from 1.8 in June 2022. According to experts at the Real Estate Center at Texas A&M University, a balanced market is indicated by six to six-and-a-half months of inventory. Numbers lower than six months point towards a seller's market, while numbers higher than six-and-a-half months suggest a buyer's market. The current inventory indicates that we are still in a seller's market, but it's trending towards more balance.
Conclusion
Understanding these market trends can help both buyers and sellers make informed decisions. At MTX Realty, we are dedicated to providing you with timely information and expert guidance. Contact us today to discuss your real estate needs.
Sunday, July 16, 2023
3200 Goose Lane McKinney, TX 75071
Saturday, July 15, 2023
658 Rs County Road 3500 Emory, TX 75440
Wednesday, July 12, 2023
13850 Quail Lane Terrell, TX 75160
Friday, July 7, 2023
2913 Hatcher Street Fort Worth, TX 76105
Thursday, July 6, 2023
800 Draper Drive Fate, TX 75189
1950 Bishop Hill Frisco, TX 75034
Property Site: https://tour.corelistingmachine.com/home/CCBFVM/1950-Bishop-Hill-Frisco-TX-20722118 Discover your dream re...
-
Property Site: https://tour.corelistingmachine.com/home/TXV5C3/12550-Drexler-Fort-Worth-TX-20607836 Step into the modern ...
-
The city of Dallas, located in northern Texas, is a bustling center of culture and business. The Arts District of Dallas houses two museums,...
-
Property Site: https://tour.corelistingmachine.com/home/R8KA9B/1309-Shorecrest-Drive-Garland-TX-20462476 Are you a savvy ...