Please see the trend chart (above). More houses came onto the market than left. This is the first week where the residential market has neared the correct proportions since 4 Dec. 2020.
The eviction and foreclosure moratoriums end on June 30. The expectation was for the market to flatten sometime after June 15, which may have started. This is most likely a result of pending evictions and buyers waiting for more inventory to hit an overheated market.
While there have been evictions in Texas, a surge is still likely between July 1 and 15. Hopefully, this will flatten and normalize the lease market while it provides some additional houses on the residential market.
Homeowners facing foreclosure can extend up to six months to sell their property after July 1. If they have equity, they should take advantage of the remaining summer sales premiums. Those will probably end when school starts.
If you’re ready to sell your house, there’s a tiny window remaining for “unicorn” prices. Please call, text or email if you’re ready to sell now. I can get a show-ready house onto the market in one day.
I’ve Got Your Six!
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #HousingShortage #SellNow #SellersMarket #CorrectionStart #flattening #moratorium #evictions
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