THE HOMESTEAD BACK TO NORMAL AT CARROLLTON

I have buyers waiting and looking for specific homes and floor plans in The Homestead! Please call me at 214-803-3452 for more details.

After record-setting growth over the last two years, home prices in Dallas-Fort Worth are now only growing at a pre-pandemic pace. The rate of year-over-year single-family home price growth in DFW was at or below about 10% from the Great Recession to January 2021, according to the S&P Corelogic Case-Shiller Index. That’s when local price appreciation skyrocketed to its height in April 2022, when prices were up 31% from a year before.

But in December, DFW home prices were back to single-digit percentage growth, up only 7.9% from a year before, according to the latest reading of the index. Prices were down 1.1% from November. Local home prices peaked in June 2022 and have since declined about 7.6%, the index shows. National prices have dropped 4.4% from their June peak. Many buyers have returned to the DFW housing market amid lower prices and mortgage rates than in previous months. The median price of a single-family home in DFW listed with real estate agents was $380,000 in January, according to the Texas Real Estate Research Center and North Texas Real Estate Information Systems.

Cynthia Fowler and RE/MAX DFW Associates are not in any way affiliated with The Homestead at Carrollton Owners Association, nor is this in any way an official advertisement or publication of The Homestead at Carrollton. ©2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NTREIS between July 12th, 2022 and April 12th, 2023. Listings and sales may not be those of RE/MAX DFW Associates. The NTREIS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

—Dallas Morning News, February 28th, 2023

Now is the time to take advantage of the low inventory in the Homestead. If you’ve thought about selling your home, please call me today at 214-803-3452.