The Dallas Fort Worth Housing market saw some positive growth in the month of March there were some negatives but that’s to be expected.
Median home sale prices for the month were $286,000 which is up 0.35% from March of 2019. This shows that the market is showing some positive but slow signs of growth. Which is a bit typical for this time of the year.
This month though we only had 3,822 sales for the month which isn’t bad but it’s still down by 11.36% from last year. This can be a sign that the economy is healthy and people aren’t leaving for opportunity elsewhere. However, it could also be a sign the economy is not doing well and people are not moving into larger homes we will need to see as the year continues.
The median number of days on the market was 57 days. This can be a sign people that are actively trying to sell their homes are having an easier time to sell them.
The number of new listings is down this month is up compared to last year by about 3.22% at 6,411 new listings. This can be because of a variety of factors but might tie into the increased values and increased number of days on the market.
The median price per square foot is up 0.75% to $134 which ties into increased property value. Overall in some areas, the market is performing quite well but the decreased sales of homes are something to look into for the coming months which looks to be a continuing trend from back in January.