Market Watch - 12 Nov. 2021

Since last week, New Listings increased slightly while Properties Under Contract, Pending and Sold all decreased.

The number of properties Sold dropped by about 600 this week (a 21% decrease). However, the market remains inverted with more houses leaving than entering. The number of price decreases has been flat from week to week.

Meanwhile, mortgage rates have become more volatile heading into the holiday season. Anecdotally, forbearance has only been marginal and manageable. It’s worth watching for the remainder of the year.

Lease Listings and Leased Properties decreased while Pending increased. Leased homes have remained below New Lease Listings since October 1. Most years, this would indicate balance returning to the lease market. However, this market is not traditional.

The current median price per square foot for lease properties across North Texas and Northwest Louisiana is $1.21. Since early August, the median number of days on market has increased from 9 to 11 while the median lease price has reduced by $0.02.

I’ve Got Your Six!

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

#DFWmark #REALTOR #MarketWatch #SellNow #BuyNow #SlowingMarket #DaysOnMarket #VolatileRates #PricePerSquareFoot #forbearance