Tuesday, May 3, 2022

Market Watch - 29 April 2022

Since last week, New Listings have decreased while Active Option Contract, Pending and Closed properties have all decreased. 

This is the second week in a row and the third week of four that the market has seen more New Listings than Closed Properties. These changes 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.

Closed Property volume was below New Listings from 20 November 2020 to 10 April 2022. This market period represented 58 of about 71 weeks of mostly inverted prices during historic housing shortages and price appreciation along with historically low interest rates. The trend could become mixed this summer.

The Lease market decreased New Listings and Closed Properties while Pending Properties increased leading to the cyclical end of the month.

The lease market has been mixed but mostly inverted this year after months of gains from October to December of 2021. Lease inventory is still desperately low as we move closer to the end of the school year and traditional summertime movement. 

Property taxes are certain to fix or increase lease prices as landlords don't have Homestead Exemptions to protect them from this year's unprecedented annual home appreciation.

I’ve Got Your Six!

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

#DFWmark #REALTOR #MarketWatch #MarketCooling #changes #InvertedLeaseMarket #HousingShortage #HistoricTaxes #inflation #FuelPrices

No comments:

Post a Comment

Welcome to the DFWmark Blog!

Welcome to the DFWmark Blog! This is a collection of content by Mark M. Hancock, a REALTOR with Keller Williams North County in Celina, Texa...