Market Watch - 23 April 2021

Since last week New Listings and Properties Under Contract have decreased while Pending and Sold properties have increased again.

Meanwhile, new Lease Listings and Leases have decreased while Pending lease properties had a modest improvement.
Both residential resale and lease markets remain upside down. The trend continues to show fewer houses enter the market as more homes leave while the eviction and foreclosure moratoriums are in place.

Unless the CARES Act moratorium on evictions and foreclosures is extended again, those actions should resume on 1 July 2021 and begin to free houses for sale and lease. To learn how the market got to this point and where it could go, please read my blog post from earlier this week (link).

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com


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