DFW residential real estate » Market news » Market fundamentals
DFW Housing Market News and Trends
| IT'S NOT JUST AN ISSUE IN DALLAS: Buying a Home Will Be Harder Than Ever This Spring. |
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Wall Street Journal, April 1, 2017. This year’s spring selling season promises to be the toughest for [U.S. home] buyers in a decade, economists say, as rising prices and mortgage rates combine with inventory near 20-year lows. |
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My analysis shows that the supply of homes in the north Dallas suburban area actually has increased slightly each year since 2014. In February 2013, there was about a 2.9 months supply of homes listed for sale. By February 2014, MLS-listed homes for sale had fallen to about 1.8 months supply. As noted in a previous post, this area currently has a 2.2 months supply of homes for sale. A 2.2 months supply of available homes, of course, is only slightly less onerous for home buyers than a 1.8 months supply. This too is still an exceptionally out of balance housing market. |
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Posted on Tuesday, April 5th, 2017 at 3:04 pm by H. David Ballinger |
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