Spike in Home Sales Leads to Drop in Inventory Nationwide; Home Prices Also on the Rise
Posted by Kenneth G. Cox on
A recent increase in home sales has led to inventory being at its lowest level in six years across the U.S.
According to newly released figures, the number of homes on the market dropped more than 6% in September, halting several consecutive months of rising inventory.
In Dallas-Fort Worth, however, inventory has ticked up slightly compared to this same time last year, and rising home prices, which are up more than 4% year-over-year, could be a contributing factor.
But at the same time, national home prices are also up 4.8% compared September 2018, demonstrating the spike hasn’t impacted sales across the country.
It is worth noting that the rise in DFW inventory is minimal at best. Analysts say the DFW area collectively recorded just a 0.4%…
1313 Views, 0 Comments
Affordable new construction homes aren’t always easy to find in North Texas but developers are set to break ground on a massive new community in Mansfield that will feature newly built single-family residences that start in the mid $300,000s.
It appears developers and city officials have finally agreed on a plan for the massive new Mustang Square project slated for Plano.
The football season is officially underway, which can only mean one thing: the autumn season is upon us here in DFW. For many of us living in North Texas, the cooler weather, the leaves changing colors, and the Dallas Cowboys dominating on the gridiron is truly the best time of year. And to make things even better, plenty of fall events and festivals outside of football are happening all over the DFW area, starting with a few we highlighted below:
Modeled after a Catalonian village, Westlake Entrada offers European-style charm, blended with the appeal of a North Texas address. This walkable Westlake community is just minutes from everything you want in the Dallas-Ft Worth area, yet at the same time it retains an appeal distinctly its own.
New construction homes throughout North Texas are highly sought-after, and often times incredibly luxurious. But like every segment of the local real estate market, certain areas tend to stand out more than others. And in the case of luxury new construction, here's a closer look at 3 townhouse communities in particular that have recently grabbed our attention.
If you’re looking for a new place to call home in Dallas, you’re sure to fall in love with Merion at Midtown Park. From its location to its amenities, there’s plenty to enjoy about living in this area.
While home sales have certainly struggled in many Dallas-area communities over the first half of 2019, the city of Arlington has been ranked the 8th best housing market in the country by national real estate portal realtor.com.
It’s been somewhat of a strange housing market in DFW for most of 2019, and even despite lower mortgage rates, homes sales in many Dallas-area neighborhoods have dropped.
The Corvalla at Stonebriar’s mission is to make life as easy as possible for its residents, and as a new retirement destination that provides is a low-maintenance living experience in the heart of Frisco, most will say it accomplishes just that.