Four North Texas DFW Cities Rank in the Top 10 Real Estate Markets 2023
Posted by Kenneth G. Cox on
The North Texas, Dallas-Fort Worth (DFW) region has long been a hotbed for real estate activity, with its vibrant economy, job opportunities, and quality of life attracting both local residents and newcomers. The 2023 real estate market in this region continues to flourish despite rising mortgage interest rates that are averaging around 6.75-7.00%, with four of its cities ranking among the top 10 real estate markets in the country according to a recent WalletHub Study, 2023’s Best Real Estate Markets. These cities are McKinney, Frisco, Denton, and Allen, each offering unique characteristics that contribute to their real estate success.
1. McKinney, TX Real Estate - The Crown Jewel of North Texas Real Estate
Taking the top spot on the list of the…
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Denton County, TX offers several neighborhoods with luxury estates and homes for sale. Within the borders of Denton County, you will find luxury waterfront homes, estates, condominiums and townhomes throughout Argyle, Lake Dallas, Lewisville, Flower Mound, Shady Shores, Cross Roads, Little Elm, Oak Point, Corinth, Highland Village, Double Oak, Lantana and several other growing cities and towns. From luxury gated communities in Denton to urban villages, these neighborhoods not only showcase impeccable residences but also foster a sense of community and shared appreciation for luxurious living. Check out our top 10 luxury neighborhoods in Denton, TX and surrounding areas in Denton County below.
Carrollton, TX continues to grow and offer new housing options including luxury homes, townhomes, condos and apartments. Carrollton is known for its beautiful homes and affluent neighborhoods. With a median home value of $350,000, it is no surprise that some of the most luxurious and expensive homes in the Far North Dallas area are found here.
Frisco, TX is on fire and quickly rising to one of the hottest places to live in North Texas with plans to host the 58th AMC Awards hosted by Dolly Parton and Garth Brooks on May 12, 2023 at the Ford Center in Frisco, build the new Universal Studios theme park and open the new Omni PGA Frisco Golf Resort on May 2, 2023.
Purchasing a home can be challenging, as the cost of homes and mortgage interest rates tend to rise. Here are some steps you can take to help protect yourself when buying a home in Dallas-Fort Worth, TX or anywhere in the U.S. with a housing market suffering from high inflation. Home ownership can be a rewarding investment in any type of market with the right preparation and guidance from a local DFW Realtor or mortgage professional. If you're interested in exploring your mortgage options, contact one of our real estate agents for assistance and to get pre qualified.
Dallas-Fort Worth, Arlington TX was recently ranked in the top performing housing markets by NAR (National Association of Realtors). Although existing home sales are predicted to decrease around 6.8% from 5.13 in 2022 to 4.78 in 2023, overall home sales are still expected to be strong esp. in specific hot housing markets such as Dallas-Fort Worth, TX. Lawrence Yun, NAR chief economist, also predicts median home prices to rise in 2023 just .3% over 2022 to an average median home price of $385,800.
The Dallas Fort Worth, TX real estate market is rated to be one of the top housing markets throughout the U.S in 2023. Are you ready to make a change? We are currently hiring experienced, tech-savvy and motivated agents to assist clients with buying, selling and renting properties throughout the DFW area. We have a significant online presence and capture hundreds of leads weekly through our organic search engine authority and targeted pay per click campaigns including new registrations, call ins, property inquiries, requested showings, text leads and more. Our agents receive daily leads including buyers needing to purchase, owners wanting to sell their home and tenants in search of residential homes,…
First Texas homes in Dallas Fort Worth, TX is offering amazing deals and discounts on new construction homes throughout the DFW Metroplex including Anna, Celina, Farmers Branch, Fort Worth, Fate, Frisco, Grand Prairie, Little Elm and other areas throughout Dallas, Denton, Collin, Rockwall and Tarrant Counties!
Another big company just added its name to the list of companies moving to Texas. Caterpillar Inc produces construction and mining equipment and has had a home in Illinois for more than 100 years.