September 2023 | Market Report - KW Legacy

Page 1

September 2023 Copyright by KW Legacy 2023

North Texas area

Collin County

Jump to Collin County Report

Dallas County

Jump to Dallas County Report

Denton County

Jump to Denton County Report

Fannin-Lamar Counties

Jump to Fannin-Lamar Report

Grayson County

Jump to Grayson County Report

Kaufman County

Jump to Kaufman County Report

Rockwall-Hunt Counties

Jump to Rockwall-Hunt Counties Report

Tarrant County

Jump to Tarrant County Report

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?

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

I can help...

Mortgage Rates: Past, Present, and Possible Future

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.

Giving Context to the Sticker Shock

Freddie Mac has been tracking the 30-year fixed mortgage rate since April of 1971. Every week, they release the results of their Primary Mortgage Market Survey, which averages mortgage application data from lenders across the country.

Collin

What's in th data?

The market for de

1,280 closed sale and 36.1% of pro

There were 1,681 month supply wit market without p

The market for co closed sales at a 38 8% of properti

There were 108 n month supply wit market without p

30K ales Price 80 les Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Williams Legacy. TREC# office is independently owned Reduced Market
Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 n County AUGUST 2022 - AUGUST 2023 STINGS CLOSED SALES
year-over-year.
wnhomes hs,
Homes
year-over-year
*Note: Some historical data not available dential
hs,
ata not available

Median Sales Price

Detached

The median sales price was at $530K as of August 2023

Condos & Townhomes

The median sales price was at $412K as of August 2023

*Note: Some historical data not available

Sold Above List Price

Detached

The sold above list price was at 36 1% as of August 2023

Condos

The sold above list price was at 38 8% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

Detached

There was an average of 13 days on the market, without price reduction, as of August 2023

There was an average of 20 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Residential
Homes
Condos & Townhomes
Residential
Homes
Back to Table of Contents
Townhomes
&
Residential Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $600,000 $400,000 $200,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 30 20 10 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 50% 40% 30% 20% 10% 0%

Dallas County

What's in the Dallas County data?

The market for detached residential units saw 1,438 closed sales at a median price of $375K, and 38.9% of properties sold above their list price. There were 2,049 new listings, providing a 2.2month supply with an average of 9 days on the market without price reduction.

The market for condo and townhome units saw 306 closed sales at a median price of $308K, and 37 9% of properties sold above their list price There were 399 new listings, providing a 2.2month supply with an average of 12 days on the market without price reduction.

Co

399 New Listin

2.2 Months of Supp

37.9% Sold Above List Pri

ACTIVE LISTINGS

CLOSED SALES

*Note: Some historical data not available

y y
Jun2023 Jul2023 Aug2023 Jun2023 Jul2023 Aug2023

Median Sales Price

The median sales price was at $375K as of August 2023

Condos & Townhomes

The median sales price was at $308K as of August 2023

*Note: Some historical data not available

Sold Above List Price

Detached

The sold above list price was at 38 9% as of August 2023

Condos

The sold above list price was at 37 9% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

Detached

There was an average of 9 days on the market, without price reduction, as of August 2023

Condos

There was an average of 12 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
& Townhomes
Residential
Homes
& Townhomes
Residential
Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $400,000 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 20 15 10 5 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 50% 40% 30% 20% 10% 0%

Dent

What's in t data?

The market for d 1,242 closed sal and 30.1% of pro

There were 1,498 month supply wi market without p

The market for c closed sales at a of properties sol were 62 new list with an average price reduction.

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Keller Williams Legacy. TREC# office is independently owned
$465K
1,498 New Listings 2.1 Months of Supply
Median Sales Price 30.1% Sold Above List Price 1,242 Closed Sales 13 Not Price Reduced Days on Market

Condo & Townhomes

62 New Listings

56 Closed Sales

2 Months of Supply

$433K Median Sales Price

25% Sold Above List Price

14 Not Price Reduced Days on Market

CONDO

Denton County

AUGUST 2022 - AUGUST 2023

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

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 3000 2000 1000 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 125 100 75 50 25 0 ACTIVE LISTINGS CLOSED SALES

Median Sales Price

Detached Residential Homes

The median sales price was at $465K as of August 2023

Condos & Townhomes

The median sales price was at $433K as of August 2023

*Note: Some historical data not available

Sold Above List Price

The sold above list price was at 30 1% as of August 2023

Condos & Townhomes

The sold above list price was at 25% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

There was an average of 13 days on the market, without price reduction, as of August 2023

Condos & Townhomes

There was an average of 14 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
Detached Residential Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 40 30 20 10 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 50% 40% 30% 20% 10% 0%

Fan Co

What's Countie

The market closed sale

24.1% of pr

There were month sup market with The market closed sale properties new listing

D ial Homes Condo/Townhome Residences. Data ©2023 ChartMaster Services, LLC. All reproduced without the written permission of directed to Keller Williams Legacy. TREC# Each office is independently owned 110 New Listings 5.6 Months of Supply $217K Median Sales Price 24.1% Sold Above List Price 58 Closed Sales 15 Not Price Reduced Days on Market

1 New Listing

0 Closed Sales

0 Months of Supply

$0 Median Sales Price

0% Sold Above List Price

0 Not Price Reduced Days on Market

CONDO
Condo & Townhomes

ACTIVE LISTINGS

CLOSED SALES

Condos: No data for these months.

*Note: Some historical data not available

y y

Median Sales Price

Detached Residential Homes

The median sales price was at $217K as of August 2023

Condos & Townhomes

The median sales price was at $0 as of August 2023

*Note: Some historical data not available

Sold Above List Price

The sold above list price was at 24 1% as of August 2023

Condos & Townhomes

The sold above list price was at 0% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

There was an average of 15 days on the market, without price reduction, as of August 2023

Condos & Townhomes

There was an average of 0 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
Detached Residential Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 40 30 20 10 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 30% 20% 10% 0%
Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All without the written permission of Keller Williams Legacy. TREC# office is independently owned 270 New Listings 3.2 Months of Supply $322K Median Sales Price 22.9% Sold Above List Price 218 Closed Sales 19 Not Price Reduced Days on Market

Condo & Townhomes

8 New Listings

6 Closed Sales

4.5 Months of Supply

$268K Median Sales Price

0% Sold Above List Price

45 Not Price Reduced Days on Market

CONDO

ACTIVE LISTINGS

CLOSED SALES

*Note: Some historical data not available

y y y
Jun2023 Jul2023 Aug2023 Jun2023 Jul2023 Aug2023

Median Sales Price

The median sales price was at $322K as of August 2023

Condos & Townhomes

The median sales price was at $268K as of August 2023

*Note: Some historical data not available

Sold Above List Price

Detached

The sold above list price was at 22 9% as of August 2023

Condos & Townhomes

The sold above list price was at 0% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

There was an average of 19 days on the market, without price reduction, as of August 2023

Condos

There was an average of 45 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
& Townhomes
Detached Residential Homes
Residential Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $400,000 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 40% 30% 20% 10% 0%

Kaufman County

What's in the Kaufman County data?

The market for detached residential units saw 298 closed sales at a median price of $339K, and 22.1% of properties sold above their list price. There was a total of 484 new listings, providing a 3 5-month supply with an average of 18 days on the market without price reduction.

The market for condo and townhome units saw 4 closed sales at a median price of $310K, and 0% of properties sold above their list price. There were 4 new listings, providing a 2.8-month supply with an average of 0 days on the market without price reduction

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Williams Legacy. TREC# office is independently owned 484 New Listings 3.5 Months of Supply $339K Median Sales Price 22.1% Sold Above List Price 298 Closed Sales 18 Not Price Reduced Days on Market

CONDO

Condo & Townhomes

4 New Listings

4 Closed Sales

2.8 Months of Supply

$310K Median Sales Price

0% Sold Above List Price

0 Not Price Reduced Days on Market

*Note: Some historical data not available

y y
23 Aug2023 23 Aug2023 ACTIVE
CLOSED
LISTINGS
SALES

Median Sales Price

The median sales price was at $339K as of August 2023

Condos & Townhomes

The median sales price was at $310K as of August 2023

*Note: Some historical data not available

Sold Above List Price

The sold above list price was at 22 1% as of August 2023

Condos & Townhomes

The sold above list price was at 0% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

There was an average of 18 days on the market, without price reduction, as of August 2023

Condos

There was an average of 0 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
& Townhomes
Detached Residential Homes
Detached Residential Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $400,000 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 500 400 300 200 100 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 40% 30% 20% 10% 0%

Rockw Count

What's in the R Counties data?

The market for detach closed sales at a medi 21.1% of properties so

There were 490 new lis month supply with an a market without price re

The market for condo closed sales at a medi 27.3% of properties so

There were 10 new list supply with an average without price reduction

mes Residences. Data Services, LLC. All written permission of Legacy. TREC# independently owned 490 New Listings
of Supply
Median Sales Price
List
Closed
17 Not
3.4 Months
$377K
21.1% Sold Above
Price 341
Sales
Price Reduced Days on Market

CONDO

Condo & Townhomes

10 New Listings

11 Closed Sales

2.1 Months of Supply

$299K Median Sales Price

27.3% Sold Above List Price

17 Not Price Reduced Days on Market

*Note: Some historical data not available

y y
ACTIVE LISTINGS CLOSED SALES

Median Sales Price

The median sales price was at $377K as of August 2023

Condos & Townhomes

The median sales price was at $299K as of August 2023

*Note: Some historical data not available

Sold Above List Price

Detached

The sold above list price was at 21 1% as of August 2023

Condos

The sold above list price was at 27 3% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

Detached

There was an average of 17 days on the market, without price reduction, as of August 2023

Condos

There was an average of 17 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
& Townhomes
Residential
Homes
& Townhomes
Residential
Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 200 150 100 50 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 60% 40% 20% 0%
TACHED hed Residential Homes Detached Residential Homes and Condo/Townhome Residences. Data be accurate but is not warranted. ©2023 ChartMaster Services, LLC. All This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Legacy. TREC# Copyright Keller Williams Legacy 2023. Each office is independently owned 2,503 New Listings 1.9 Months of Supply $352K Median Sales Price 36.9% Sold Above List Price 2,019 Closed Sales 11 Not Price Reduced Days on Market

CONDO

Condo & Townhomes

150 New Listings

91 Closed Sales

2.8 Months of Supply

$347K Median Sales Price

27.5% Sold Above List Price

19 Not Price Reduced Days on Market

AUGUST 2022 - AUGUST 2023 omes ear-over-year. t available tial Homes ear-over-year t available 2 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 2 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 ACTIVE LISTINGS CLOSED SALES
nt County

Median Sales Price

The median sales price was at $352K as of August 2023

Condos & Townhomes

The median sales price was at $347K as of August 2023

*Note: Some historical data not available

Sold Above List Price

Detached

The sold above list price was at 36 9% as of August 2023

Condos

The sold above list price was at 27 5% as of August 2023

*Note: Some historical data not available

Not PR Days On the Market

Detached

There was an average of 11 days on the market, without price reduction, as of August 2023

Condos

There was an average of 19 days on the market, without price reduction, as of August 2023.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
& Townhomes
Residential
Homes
& Townhomes
Residential
Homes
Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $400,000 $300,000 $200,000 $100,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 25 20 15 10 5 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 50% 40% 30% 20% 10% 0%
3600 Preston Rd, Plano, TX 75093 Keller Williams Legacy 3100 Lamar Ave., Paris, TX 75460 Keller Williams Paris
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