Since last week, New Listings, Pending and Sold have decreased while Under Contract increased. The Sold number dropped by 450 units, which is most likely a supply issue.
Anecdotally, I know one properly marketed house in Frisco this week had 71 written offers and went under contract significantly over asking and expectations. With low loan rates, there is high buyer demand. While inventory is low, now is the time to sell!
The lease market tumbled this week. More houses entered the market than left, but the volume is down. Both Listings and Leased houses were down by about 200 since last week.
Please view or download my free House Seller Guide.
The increase probably resulted from the eviction moratorium ending. The simplest eviction properties to repair and list entered the market and are gone. More will trickle in as repairs are completed but expect the shortage to resume soon.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #InventoryDrain #EvictionMoratorium #SellersMarket #SellNow #StrongDemand #BuyNow #LowMortgageRates
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