The DFW area saw one of the biggest jumps in listing inventory last month year-over-year, according to new data from realtor.com.
In what’s surely welcoming news for Dallas-Fort Worth home buyers, the local housing market ranked eighth among the 10 major U.S markets with the biggest jump in home listings during the month of September, registering a 14 percent spike.
According to the numbers, nearly 26,000 pre-owned single-family homes were listed in North Texas in August, representing the highest volume in roughly six years.
Prior to the sudden increase, DFW has one of the tightest inventories in the country, and even with more homes on the market, we’re still seeing less than a three month inventory overall.
If you’re thinking about selling a home, it’s also worth noting that North Texas homes are taking an average of 42 days to move, which is up 8 percent compared to this time last year.
Posted by Kenneth G. Cox on
Wouldn't it be fair to say at this point that the rate hikes had a direct impact on the increase of inventory? I belief that the fact Texas is so attractive for businesses to move here is what is sustaining the market. If we stop bringing in new people the market could look drastically different. What do you think?
Posted by Phenix Group on Monday, January 21st, 2019 at 4:56pmLeave A Comment