The Numbers Are In - January Local Market Update - Carrollton, TX

Dated: 02/13/2020

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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, community feel, abundant parks, safety ratings and high quality of life.

With a population of 136,879, Carrollton's homeownership 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 contructed today, and everything inbetween.

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 buing option, Carrollton still maintains competitive, yet tempered home prices, compared to some of its neighboring cities.

As such, the draw to this city continues it's steady strong pace. Median home prices in January were up 8.5% compared to January 2019. On average still a seller's market, new residents continue to flock to this established city within DFW, while homeowners are slow to exit its limits.

Sources: City of Carrollton, World Population Review, NTREIS

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Sherien Joyner

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 ....

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