January Newsletter

Enjoy this month's newsletter that we send to our clients and subscribers.

January Newsletter

Time just keeps on ticking and we are now well into the first month of 2019.  We hope that your new year has started out well.  As we have said goodbye to 2018, we can take a look at the year-end stats. The markets in the Dallas- Fort Worth metro area and its surrounding suburbs have been explosive in their appreciation within the past five years.  This environment that consists of low inventories, rapid price appreciation and short marketing times is unsustainable.  As we have been documenting, North Texas' housing market has slowed in recent months with fewer home sales and slower price growth as it is making a move toward balance.  Because there are a variety of factors that impact real estate and value, uncertainty and uncertainty is the word many are using. Mortgage interest rates began to increase as the RE market begin to slow in November but have now gone back down within the past month.  The Texas economy is still very strong and the job gains in the Dallas area keep us on the list of hot markets for 2019. Foreclosure activity continues to be down. We had wanted to share the building permit data for 2018 but unfortunately, these stats are delayed due to the government shutdown. Hopefully, we will be able to share these next month. 

This months newsletter is a more comprehensive look at 2018. We have included the year-end stats for Cooke and Grayson counties. These more rural and less dense counties, which are just north of Denton & Collin, have been rising as many are being placed out of the Denton & Collin counties due to affordability. For Dallas, Tarrant, Denton & Collin counties, overall, we see very moderate price increases, inventory rising, volume down and marketing times lengthening  Enjoy the infographics for the year-end stats:

Foreclosure sales are continuing to decrease in all four counties. 

The seasonally adjusted stats for New Construction are down or flat for the year.

Denton County
$383,589 | +0.9%

Collin County
$370,000 | -1.3%

Dallas County
$375,000 | 0.0%

Tarrant County
$283,480 | -7.6%

Mortgage Interest rates were increasing and now decreasing, adding to the uncertainty of the market. 

 This final graph shows the sale price increases within the past 10 years.  It is a great visual representation of the rapid price acceleration that has occurred in the past 5 years

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