Despite continuing record low interest rates, the DFW market is rumbling with news of a market slow down. Is it true? What are the factors at play? Things like "buyer fatigue" setting in, after a
The JUNE Numbers Are In And They Tell A Story
Dated: July 7 2020
DFW is experiencing a market "revival" this June, with a 7% increase in showings this month compared to last. Armed with lower interest rates, the influx of buyers is faced with an even lower inventory of homes at only 2 months of inventory compared to 4 in April.
Let's get more local and see how Carrollton is doing this month...
Located in the heart of the Dallas-Fort Worth area, the City of Carrollton is a vibrant corporate and residential community spanning three counties: Dallas, Denton and Collin -- a location that is "about 20 minutes from everything" including shopping, restaurants, nightlife and proximity to other neighboring major US cities. Carrollton is home to over 9,000 businesses, often drawn to its convenient location and support of a diverse local economy. Its residents are drawn to it for its small town feel despite being a big city, sense of community, varied and well rated schools, abundant parks, safety ratings and a high quality of life.
With a population of 141,493, Carrollton's home ownership ratio is at 59% of which the majority is held by married households.
If you have a nostalgic yearning, or a desire for the modern functional home, here you can find homes built in the 1950s, others still being constructed today, and everything in between.
Catering to a diverse population in a variety of facets from age, to education, professions and culture, Carrollton is home to an equally varied offering of homes, from bedroom communities, to condo living and even tiny-homes have settled here. While not the cheapest home buying option, Carrollton still maintains competitive, yet tempered home prices, compared to some of its neighboring cities.
As such, the draw to this city continues its steady strong pace. This is a strong seller's market with only 1-2 months of inventory right now as buyers continue to flock to this established city within DFW, while homeowners are slow to move in current economic conditions.
If you would like to know the stats for your city or neighborhood, contact me back with your request, or call me at (214) 244-2421.
REALTOR®, GRI, Certified New Construction Specialist
When you need a guide on your real estate journey, Sherien Joyner is the right choice for you. With over sixteen years of experience as an executive in the advertising and marketing industry, Sherien ....