Amy Maynard - June 2024 Market Report - KW Legacy

Page 1

North Texas Area

Collin County

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Dallas County

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Denton County

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Fannin-Lamar Counties

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Grayson County

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Kaufman County

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Rockwall-Hunt Counties

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Tarrant County

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What’s your home really worth in today’s market?

That's really the question you should be asking yourself.

Our market is incredibly diverse, and rapidly changing. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors’ home is. At the end of the day, it’s the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

I can help...

Contact me for a confidential, no obligation assessment of your home's value.

What Is Going on with Mortgage Rates?

You June have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you June be hearing a lot about right now. Here’s why.

The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in early 2022. That rate impacts how much it costs banks to borrow money from each other. It doesn’t determine mortgage rates, but mortgage rates do respond when this happens. And that’s when mortgage rates started to really climb.

55 gs Supply

1,488 Closed Sales

$520K Median Sales Price

1% e List Price

11 Not Price Reduced Days on Market

Detached Residential Homes and Condo/Townhome Residences. Data be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# Copyright Keller Williams Legacy 2024. Each office is independently owned

TACHED hed
Residential Homes

County

MAY 2023 - MAY 2024

NGS

CLOSED SALES

tial Homes

ear-over-year. t available

omes

ear-over-year. t available

g2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 ug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024

Median Sales Price

Detached Residential Homes

The median sales price was $520k as of May 2024

Condos & Townhomes

The median sales price was $407k as of May 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 11 days on the market, without price reduction, as of May 2024

Condos & Townhomes

There was an average of 21 days on the market, without price reduction, as of May 2024

*Note: Some historical data not available

35 1% of homes sold above their list price in May 2024

Condos & Townhomes

21.6% of homes sold above their list price in May 2024.

*Note: Some historical data not available

Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 0 5 10 15 20 25 30 Back to Table of Contents Sold Above List Price
May2023Jun2023
Detached Residential Homes
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 1000% 2000% 3000% 4000% 5000%

Dallas

What's in the D data?

The market for detach

1,692 closed sales at a 37% of properties sold was a total of 2,416 ne month supply with an a market without price re

The market for condo

362 closed sales at a m 24 6% of properties so There were 567 new lis month supply with an a market without price re

Residential Homes

2,416 New Listings

1,692 Closed Sales

2.3 Months of Supply

$390K Median Sales Price

37% Sold Above List Price

10 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED Detached

567 New Listings

3.2 Months of Supply $370K Median Sales Price 24.6% Sold Above List Price 15 Not Price Reduced Days on Market 362 Closed Sales

CONDO
Condo & Townhomes

, y y

*Note: Some historical data not available

Median

Sales Price

Detached Residential Homes

Condos & Townhomes

The median sales price was $370k as of May 2024

*Note: Some historical data not available

The median sales price was $390k as of May 2024 May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024

Not PR Days On the Market

Single-Family Homes

There was an average of 10 days on the market, without price reduction, as of May 2024

Condos & Townhomes

There was an average of 15 days on the market, without price reduction, as of May 2024

*Note: Some historical data not available

Detached Residential Homes

37% of homes sold above their list price in May 2024

Condos & Townhomes

24.6% of homes sold above their list price in May 2024.

*Note: Some historical data not available

Back to Table of Contents
0 5 10 15 20 25 Sold
Above List Price
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $100,000 $200,000 $300,000 $400,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 1000% 2000% 3000% 4000% 5000%

Dent

What's in th data?

The market for de 1,363 closed sale

36.3% of properti There was a total 2.3-month supply the market witho

The market for co closed sales at a of properties sold were 64 new listin with an average o price reduction.

1,959 New Listings

1,363 Closed Sales

2.3 Months of Supply

$485K Median Sales Price

36.3% Sold Above List Price

11 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED Detached
Residential Homes

3.4 Months of Supply $426K Median Sales Price 25%

Sold Above List Price 14 Not Price Reduced Days on Market 48 Closed Sales

CONDO
Condo & Townhomes 64 New Listings

, y y

*Note: Some historical data not available

Apr2024 May2024 Apr2024 May2024

Median

Sales Price

Detached Residential Homes

Condos & Townhomes

The median sales price was $426k as of May 2024

*Note: Some historical data not available

The median sales price was $485k as of May 2024 May2023Jun2023

36 3% of homes sold above their list price in May 2024

Condos & Townhomes

25% of homes sold above their list price in May 2024.

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 11 days on the market, without price reduction, as of May 2024

Condos & Townhomes

There was an average of 14 days on the market, without price reduction, as of May 2024

*Note: Some historical data not available

Back to Table of Contents
0 5 10 15 20 25 Sold
Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024
Above List Price Detached Residential Homes
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $100,000 $200,000 $300,000 $400,000 $500,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 1000% 2000% 3000% 4000% 5000%

Detached Residential Homes

130 New Listings

87 Closed Sales

4.2 Months of Supply

$240K Median Sales Price

12.6% Sold Above List Price

14 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED

CONDO

Condo & Townhomes

No data for this month.

*Note: Some historical data not available

nties ALES , y y
2024 Mar2024 Apr2024 May2024 2024 Mar2024 Apr2024 May2024

Median Sales Price

Detached Residential Homes

Condos & Townhomes

No data for this month

*Note: Some historical data not available

The median sales price was $240k as of May 2024 May2023Jun2023

12 6% of homes sold above their list price in May 2024

Condos & Townhomes

No data for this month.

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 14 days on the market, without price reduction, as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

Back to Table of Contents
0 5 10 15 20 25 30 35 Sold Above List Price
Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024
Detached Residential Homes
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 500% 1000% 1500% 2000% 2500% 3000%

Gra Co

What's data?

The market closed sale 23.7% of pr

There was 4 7-month the market

There was this month

329 New Listings

207 Closed Sales

4.7 Months of Supply

$315K Median Sales Price 23.7% Sold Above List Price

17 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED Detached
Residential Homes

CONDO

Condo & Townhomes

No data for this month.

, y y

*Note: Some historical data not available

Median Sales Price

Detached Residential Homes

The median sales price was $315k as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024

Not PR Days On the Market

Single-Family Homes

There was an average of 17 days on the market, without price reduction, as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

23 7% of homes sold above their list price in May 2024

Condos & Townhomes

No data for this month.

*Note: Some historical data not available

Back to Table of Contents
0 20 40 60 80 100
$0 $100,000 $200,000 $300,000 $400,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 1000% 2000% 3000% 4000%
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024

Kauf Coun

What's in t data?

The market for d closed sales at a 18.8% of propert There was a tota 3 8-month suppl the market witho

There was no da this month.

621 New Listings

345 Closed Sales

3.8 Months of Supply

$326K Median Sales Price

18.8% Sold Above List Price

20 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED
Detached Residential Homes

CONDO

Condo & Townhomes

No data for this month.

Kaufman County

MAY 2023 - MAY 2024

Detached Residential Homes

Last 12 months, year-over-year.

*Note: Some historical data not available

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

ACTIVE LISTINGS CLOSED SALES
May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 200 400 600 800 1,000 1,200 1,400 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 5 10 15 20

Median

Sales Price

Detached Residential Homes

The median sales price was $326k as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024

Not PR Days On the Market

Single-Family Homes

There was an average of 20 days on the market, without price reduction, as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

Detached Residential Homes

18 8% of homes sold above their list price in May 2024

Condos & Townhomes

No data for this month.

*Note: Some historical data not available

Back to Table of Contents
0 20 40 60 80 100
Sold Above List Price
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000
Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 1000% 2000% 3000% 4000% 5000%
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024
May2023 Jun2023

Rockwall-Hunt Counties

What's in the Rockwall-Hunt Counties data?

The market for detached residential units saw 390 closed sales at a median price of $358k and 20.3% of properties sold above their list price. There was a total of 622 new listings, providing a 3 7-month supply with an average of 20 days on the market without price reduction.

There was no data for condo and townhome units this month.

622 New Listings

390 Closed Sales

3.7 Months of Supply

$358K Median Sales Price

20.3% Sold Above List Price

20 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED
Detached Residential Homes

CONDO

Condo & Townhomes

No data for this month.

*Note: Some historical data not available

unties LES , y
y
2024 Mar2024 Apr2024 May2024 024 Mar2024 Apr2024 May2024

Median Sales Price

Detached Residential Homes

The median sales price was $358k as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 20 days on the market, without price reduction, as of May 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

20 3% of homes sold above their list price in May 2024

Condos & Townhomes

No data for this month.

*Note: Some historical data not available

Back to Table of Contents
0 20 40 60 80 100
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $100,000 $200,000 $300,000 $400,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000%

Tarra

What's in th data?

The market for de 2,120 closed sale

38.1% of properti

There was a total 2.2-month supply the market witho

The market for co closed sales at a 26 6% of properti

There were 165 n supply with an av without price red

2,974 New Listings

2,120 Closed Sales

2.2 Months of Supply

$355K Median Sales Price

38.1% Sold Above List Price

11 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions June be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED Detached
Residential Homes
CONDO Condo & Townhomes 165 New Listings 4 Months
Supply $305K Median Sales Price
Sold
21
94 Closed
of
26.6%
Above List Price
Not Price Reduced Days on Market
Sales

- MAY 2024

dential Homes

s, year-over-year

ta not available

nhomes

s, year-over-year.

*Note: Some historical data not available

ant County MAY 2023
STINGS CLOSED SALES
Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024

Median

Sales Price

Detached Residential Homes

Condos & Townhomes

The median sales price was $305k as of May 2024

*Note: Some historical data not available

The median sales price was $355k as of May 2024 May2023Jun2023

38 1% of homes sold above their list price in May 2024

Condos & Townhomes

26.6% of homes sold above their list price in May 2024.

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 11 days on the market, without price reduction, as of May 2024

Condos & Townhomes

There was an average of 21 days on the market, without price reduction, as of May 2024

*Note: Some historical data not available

Back to Table of Contents
0 5 10 15 20 25 30 Sold Above List Price
Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024
Detached Residential Homes
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $100,000 $200,000 $300,000 $400,000 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 000% 1000% 2000% 3000% 4000% 5000%
3600 Preston Rd, Plano, TX 75093 Keller Williams Legacy 3100 Lamar Ave., Paris, TX 75460 Keller Williams Paris Amy Maynard Realtor TREC #0630484 (214) 517-6622 Amy@Mylonestarhomes.com www.Mylonestarhomes.com ®

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