Owning your own home has long been part of the American dream. It's a goal most of us rightfully aspire to, and one that can often help build wealth. Indeed, 64% of Americans own a home today. If'
Market Notes For September 2015
Dated: November 6 2015
The overall tempo of real estate potential is experiencing a healthy number of good omens. The job market has shown continual improvement, jobless rates are down, real average hourly and weekly earnings have been going up and there has been good news in new household formation. New listings in the North Texas region increased 12.2% to 11,081. Pending Sales were down 13% to 7,442. Inventory levels fell 11.4% to 25,924 units. Prices continued to gain traction! The median sales price increased 8.6% to $200,900. Days on market was down 32.2% to 40 days. Sellers were encouraged as Months Supply of Inventory was down 16.7% to 3 months. With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, but did not happen! It most likely will before years end. Until then, call me to see what your home is worth!
Cory Duncan with Ivy League Realty
Texas Real Estate Consumer Protection Notice