DFW Market Update!

The numbers are in for May:

Median home prices were up 1.2% in May 24' compared to May 23'.

The May home inventory was at 3.5 months. Last May, it was 2.2 months. That's an 59% increase in home inventory year over year.

If no new homes are listed for sale, the current home inventory would run out in about 3.5 months. It's not a balanced market until we have 5 months of inventory. 7 months of inventory is a strong buyer's market.

Home inventory is still pretty high than last year. The interest rates have been around 7% which has the market fairly calm.

As of right now Buyers have plenty of home inventory to choose from, and competition is still pretty low. This does vary by price range and home location. In a higher demand area there is much more competition.

Even though there is plenty of inventory, it's actually still low, and we are in a seller's market. If you would like to sell right now, I'll help you price competitively and market the home strategically.

Whether you are needing help buying or selling a home I'm here to serve you and make the process smooth. Reach out to me with any questions!

New Listing In Mansfield!

4/3.5 With 3,446 Sq. Ft.

Dream home with a desirable Lufkin Floor Plan built by Windsor Homes. The spacious open floor plan includes study, game, and media room! Upgraded kitchen with Stainless steel appliances, double ovens, built in microwave, gas cooktop, a-frame vent hood, and granite counters.

Beautiful engineered wood floors throughout, 8ft interior doors, quartz counters in baths, gas fireplace, delta plumbing fixtures, brick front porches. Located in a prime area close to schools, shopping, Hawaiian Falls and Mansfield National golf club!

Check Out This House

Check Out These Recently Sold Homes!

Arlington

4/3.5

3,429 Sq. Ft.

Listing Price: $515,000

Sold Price: $515,000

Days On Market: 31

Similar Priced Home For Sale

Fort Worth

3/2

2,521 Sq. Ft.

Listing Price: $435,000

Sold Price: $425,000

Days On Market: 6

Similar Priced Home For Sale

Irving

3/2

1,770 Sq. Ft.

Listing Price: $385,000

Sold Price: $375,000

Days On Market: 4

Similar Priced Home For Sale

May 2024 DFW Housing Report

What Can You Buy Right Now At The Median Home Price In DFW?

$410,000 was the median home price in DFW in May, up 1.2% compared to May 2024.

Here's one just listed in Fort Worth!

4/2.5 with 2,570 Sq. Ft.

Indulge in luxury with this meticulously renovated home! The spacious interior boasts fresh paint and new luxury vinyl flooring throughout. A chef's dream kitchen features quartz countertops. Flex your space in the dining room upfront. Relax by the new remote gas fireplace in the family room in the winter.

Unwind in the lavish master suite with quartz countertops in the master bath. Entertain in style in the expansive game room. This home offers generous storage space through out the house. Located in a serene neighborhood, enjoy walking distance to the community pool and amenity center. Direct access to the gorgeous golf course!

Check Out This House

16 DFW Companies Named Best Places To Work In The US

Are you looking for a new career opportunity? This list may be a great place to start!

U.S. News analyzed 549 companies and 16 in DFW made the final list. The report is based on metrics including work-life balance and flexibility; quality of pay and benefits; job and company stability; career opportunities and professional development.

• Thryve Holdings, Inc., Dallas
• Comerica, Dallas
• Veritex Community Bank, Dallas
• Charles Schwab, Westlake
• Southwest Airlines, Dallas
• CMC, Irving
• Sabre, Southlake
• Texas Instrument, Dallas
• Omnicell, Fort Worth
• Enhabit, Dallas
• BuildersFirstSource, Irving
• Invitation Homes, Dallas
• Celanese, Irving
• Atmos Energy, Dallas
• Lennox, Richardson
• Caterpillar, Irving

Check Out The Article

Serving You With Integrity, Commitment, and Excellent Service.

Yannick Rice

DFW Realtor

Fathom Realty

TX License #0725620

Cell (817) 438-6147

YannRice@gmail.com