Market Watch - 30 April 2021

Since last week New Listings and Properties Under Contract are flat while Pending properties went down and Sold properties increased again.

Meanwhile, Lease Listings, Pending and written Leases are all flat while inventory is low.

Both residential resale and lease markets remain upside down by hundreds of properties each week. Fewer houses enter the market as more homes leave which means sellers are at a distinct advantage when it comes to condition, location and timing of sales. These advantages will evaporate when the CAREs Act eviction and foreclosure moratoriums are lifted.

Evictions and foreclosures should resume on 1 July 2021 and begin to release houses for sale and lease.

If you plan to sell, now is the perfect time. Buyers are prepared to pay well over asking with concessions that were previously impossible to get. However, there’s a deadline. Please call, text or email me NOW to sell your property for top dollar before a glut of rental properties hit the market for liquidation.

I’ve Got Your Six!

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

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