Dallas Area Residential Real Estate Report

Saturday, January 5, 2019

The 2019 Color of the Year Is...

Pantone

REALLY?

Friday, January 4, 2019

How a Subprime Banking Workaround Could Crush Your Retirement

The devastating housing crash of 2008 is now 10 years in the rearview mirror, but the danger of another financial crisis looms despite assurances to the contrary.

U.S. home prices keep slowing as higher rates scare off buyers, Case-Shiller shows

Home prices are still rising faster than the incomes of prospective home buyers, but not nearly as fast as they were a few years ago. Sales and construction have also slowed.

Dallas Area Residential Sales Report for November - Wylie TX

Dallas Area Residential Sales Report for November - Wylie TX with sales down

Wylie was no different that the other Northern Suburbs with sales down 17% in November. Pending sales declined 20%. Not looking good for December. The average sales price increased 3%. the median sales price rose 7%. New listings were up 50% while the number of active listings climbed 59%. that looks good if you are a buyer, but the months of inventory remains low at 2.9 months.

Sales: 127

Average Sales Price: $372,415

Median Sales Price: $337,000

Pending Sales: 89

New Listings: 123

Active Listings: 303

Months of Inventory: 2.9

Information provided by The Real Estate Center

Thursday, January 3, 2019

Buyers May Find Relief in Cooling Housing Market Share

Sellers are realizing there is a slowdown and are starting to cut their prices to better compete.

Dallas Area Residential Sales Report for November - Garland, TX

Sales were down 19% in November as compared to this time last year. Pending sales fell 14%. The average sales price declined 1% while the median sales price increased 3%. New listings rose 6%. the active listings jumped 45%. I know this looks like a large increase in the number of homes available for sale but when you look at the months of inventory at 1.9 months you can see that there is a shortage of properties on the market and buyers are having a hard time finding a home to buy.

Sales: 148

Average Sales Price: $212,007

Median Sales Price: $200,000

Pending Sales: 162

New Listings: 204

Active Listings: 323

Months of Inventory: 1.9

Information Provided by The Real Estate Center

Wednesday, January 2, 2019

5 Home Design Trends to Watch in 2019

Some of those home design trends that it expects to make a splash with home buyers in the new year are:

Pending home sales slump again in November as housing market faces big chill.

Contract signings usually precede closings by about 45 days, so the pending-home-sales release is considered a leading indicator for the existing-home-sales report.

Google+ is Going Away!

Google+ Will Be Going Away!

I'm sure you have seen that Google+ is going to be discontinued soon. If you have been following me on Google+ and would like to continue to receive my blog posts, I recommend that you follow me at either of the following sites:

Marie Sells Dallas

Dallas Area Residential Real Estate Report

Dallas Area Residential Sales Report for November - Carrollton/Farmers Branch

The Carrollton, Farmers Branch area experienced a 15% drop in sales as compared to last November. Pending sales were not nearly as bad only off 1%. The average sales price declined 3% while the median sales price rose 7%. That's causes by the distribution of sales skewed to the upper price ranges. The number of new listings increased 37% while the active appeared to go nuts jumping 89%. Remember this is a comparison to last November when listings were very, very low. Looking at the months of inventory which now stands at 2 months we can see that homes to purchase are still in short supply.

Sales: 129

Average Sales Price: $305,482

Median Sales Price: $286,500

Pending Sales: 144

New Listings: 174

Active Listings: 287

Months of Inventory: 2

Information provided by the Real Estate Center