Since last week, New Listings, Active Option Contract and Pending Properties all increased while Closed Properties decreased.
This is the first time Closed Property volume has been below New Listings since 20 November 2020 - after 71 weeks of mostly inversion.
This occurred on the heels of the War in Ukraine, historic inflation, fuel prices increasing dramatically and the Fed raising the interest rate with a promise of more to come.
The Lease market had increases in all categories.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, Certified New Home Sales
214-862-7212 (call or text)
DFWmark@kw.com
DFWmark.com
#DFWmark #REALTOR #MarketWatch #MLS #changes #InvertedMarket #HousingShortage #NewListings #Pending #Closed
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