Our Service, Your Satisfaction.
title@texassecuretitle.com

Quick Facts

For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” the long-term NAR economist predicts. He is also expecting the new-home construction market sales to increase 10%. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment.

New Listings in the North Texas region were up 2.6 percent to 12,146. Pending Sales increased 0.8 percent to 8,242. Inventory shrank 6.5 percent to 26,101 units. Prices moved higher as Median Sales Price was up 7.9 percent to $257,900. Days on Market increased 7.0 percent to 61. Months Supply of Inventory was down 10.0 percent to 2.7 months., indicating that demand increased relative to supply.

We start off the year with continued low interest rates, low unemployment, and rising rents nationally. These factors should encourage healthy buyer demand and sets us up for a strong start to the 2020 housing market and a lot of optimism for the coming spring market. Thanks for checking out your DFW Local Market Update

*All data is provided by North Texas Real Estate Information Systems, Inc. and is current as of February 15, 2020

+ 13.9%

Change in
Closed Sales


+ 7.9%

Change in
Median Sales Price


– 6.5%

Change in
Inventory

FEBRUARY 2020 LOCAL MARKET UPDATES

Download the latest DFW Local Market Update for Collin, Dallas, Denton, Hill, Johnson, Parker, and Tarrant counties here.