2020 DFW Real Estate Market Outlook: Home & Condo Sales Expected to Thrive!
Posted by Kenneth G. Cox on
The DFW real estate market is off to a great start with home and condo sales up across the board year over year for January 2020. Collin County closed out at 899 home and condo sales up 13.7% over January 2019, Dallas County came in at 1,468 up 12.6%, Denton County 860 sales up over 23.2%, Rockwall County up 123 sales up over 20.6%, and Tarrant County at 1,518 sales up over 5.6%. While sales are strong throughout the Dallas-Ft. Worth, TX area, DFW housing inventory is still struggling in all counties except Rockwall County, falling short on pre-owned and new construction home and condo inventory levels.
According to the Texas Association of Realtors, for the 5th consecutive year, the Texas housing market set new records for the number of homes sold…
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Another new high-rise apartment community is coming to Dallas, which is currently the top apartment market for leasing and construction in the U.S with over a dozen other residential high-rise apartment and condo towers currently in different phases of construction and completion. Designed by BKV Group and developed by Mill Creek, the new Modera Katy Trail high-rise apartment rental community will be located in a 14 story building near Highland Park at the dead end of McKinney Avenue and Katy Trail. Modera Katy Trail highrise apartments in Dallas are expected to begin leasing in late 2021. Modera Katy Trail highrise apartments in Dallas will feature 217 rental units with walk-up townhome units and a pedestrian lounge on the side of the highrise…
If you're searching for a luxury townhome in East Dallas Lower Greenville area, be sure and check out Urban Cottages! Urban Cottages offer luxury townhome living in East Dallas minutes from Lower Greenville, Knox Henderson, Lakewood, Uptown and Downtown Dallas with easy access to Lakewood shopping, Lower Greenville bar and grills and endless entertainment in surrounding Uptown, Downtown and Deep Ellum urban districts.
DFW Home & Condo sales statistics for December 2019 paint a positive outlook for 2020 throughout the Dallas Fort Worth, TX Metroplex! Check out the latest housing statistics for DFW home and condo sales below including inventory and pricing for Dallas, Denton, Collin, Tarrant and Rockwall County. The December 2019 housing report provided by Republic Title includes stats on new listings, active listings, average days on market, average home prices, dollar per square foot averages and total number of sales.
Economists have mixed reviews for the 2020 U.S. real estate market forecast in reference to home sales and price gains but one opinion seems to be shared.... the Dallas-Ft. Worth, Texas market is expected to outperform most of the large urban markets throughout the country! Many economists forecast home sales and prices to decrease slightly throughout the U.S. for 2020, but many local brokers and agents in the DFW area expect the exact opposite with expectations of slight increases for both pre-owned and new construction home and condo prices and sales. In some cases, models with variables such as lower interest rates and more favorable conventional and FHA loan programs and options that increase buyer purchasing power show home sales numbers through…
Money Magazine recently released the 20 best places to live in Dallas, TX for 2019 which includes a mixture of suburban neighborhoods and cities offering mixed-use urban living. Many characteristics were looked at when creating the top 20 cities, but some of the most common factors included safety, public schools, employment opportunities, transport links, leisure activities, outdoor spaces, diversity, house prices and the general cost of living. We've included the complete list of Best places to Live in Dallas, Texas for 2019 below.
DFW ranks 4th most popular metro to metro migration destination by CommercialCafe, a nationwide commercial real estate listings platform apart of Yardi Systems. Using U.S. Census bureau data, CommercialCafe was able to determine the top 10 most popular destinations for metro to metro migration which accounts for many of the population shifts.
Although the rental market in Frisco is loaded with luxury single-family homes, it’s also a location that should be intriguing for anyone looking for a great apartment.