Market Watch - 27 Aug. 2021

Since last week, the U.S. Supreme Court ended the CDC eviction moratorium. It should take a few weeks to notice any difference. The expectation is to see more properties for lease and sale after landlords have time to execute evictions and make property repairs.

Buyers need to pay special attention to properties that were formerly leased. Tenants rarely care for properties as much as homeowners. Regular maintenance may not have been completed. Ensure the house is inspected.

Prior to the ruling, New Listings were flat, Properties Under Contract and pending decreased while sold properties increased. Sold properties jumped above Listed to invert the market again.

The Lease Market saw declines in Listings and Leased properties with an increase in Pending Properties.

The lease market remains inverted again with more houses leaving the market than entering. The low Leased number is most likely a result of limited inventory rather than decreased demand.

Call, text or email when you’re ready for help when you sell or buy a residential property in this complex market.

I’ve Got Your Six!

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

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