Market Watch - 1 April 2022

Since last week, New Listings and Closed Properties have increased while Pending properties decreased and AOC remained flat. Closed properties also exceeded Pending this week, which could indicate more cash transactions.

The primary resale market remains inverted for the 34th week since 13 Aug. 2022 when 82 more homes were listed than sold in one week. 

Volume is significantly lower in AOC, Pending and Closed than last year although there is a slight increase in listings from this point last year. Please also see my monthly Lux Market Watch.

The Lease market decreased in all categories largely due to it being the first of the month. The Lease market also remains inverted with leases strongly tied to listings. 

There are currently 3,024 lease properties available in North Texas and Northwest Louisiana. Of those, 151 are priced at $5,000 or more per month. The highest-priced lease is a two-level penthouse condo off Turtle Creek for $35,000 monthly ($420,000 annual lease).

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, Certified New Home Sales
214-862-7212 (call or text)
DFWmark@kw.com
DFWmark.com

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