Since last week, locating available housing is challenging for sale and lease. New Listings, Properties Under Contract and Sold all decreased with an increase in Pending Properties. However, Sold properties are below Listed, so the inverted market is flattening some.
It’s still a strong seller’s market due to limited supply of both lease and preowned properties. Overall preowned sale prices are flattening, but some submarkets are still strong and sell at high percentages over asking.
The Lease Market saw declines in Listings and Pending with an increase in Properties Leased as the “new” eviction mandate remains in place.
The lease market remains inverted with more houses leaving the market than entering. The low Leased number is most likely a result of limited inventory rather than decreased demand.
UPDATE:
U.S. Supreme Court ends CDC eviction moratorium.
U.S. Supreme Court ends CDC eviction moratorium.
I’ve Got Your Six!
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #SellersMarket #SellNow #LeaseMoratorium #LeaseShortage #moratorium #InventoryShortage #StrongDemand
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