Market Watch - 28 Jan. 2022

All for sale categories of the North Texas housing market decreased. The decrease is most likely a result of too few homes entering the market. 

Nationally, December saw the fewest homes available on record going back to 1999, according to the National Association of Realtors. There were about 910,000 homes available last month for a country with more than 332 million people. January 2022 is slower.

Anecdotally, I hosted an open house on Saturday which had more than 60 parties and probably more than 150 people over two hours. The sellers executed an astounding offer overnight.

The Lease Market has inverted again with more properties leaving than entering the market. Without the ability for tenants to purchase homes, lease properties have also been in short supply. Landlords can capitalize on the shortage and increase monthly rental amounts significantly when tenants leave. 

I've Got Your Six!

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

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