Tom's Texas Realty

DFW Housing Market Update

Hey guys, the June numbers for the housing market just came out, so it’s time for an update. We have never seen anything like this. Watch the video to find out more!

Today’s Video:

“Hey guys, I’m out of the country today, but I still got your market update. It is ridiculous. By the numbers in Dallas-Fort Worth. Number 1, median sales price: $265,000 last year. What is it this year? $339,000. I don’t know if you did the math right there but that is a 28% increase. That’s insane. Here’s why. The number of homes on the market in a normal market, we have 40,000 homes in Dallas Fort Worth. Right now, we have 15,000. That’s a 62% decrease.

You’re saying ‘Tom, why is this happening?’ Well, for two reasons. Number one, there’s been a pullback on houses going onto the market. Not a lot, but a good portion of them. And, Texas is awesome. They’re estimating that half a million people are moving here every year, and the feeling is there’s going to be more this year. A lot of people are asking, ‘is the market going to change, what about all these foreclosures?’ We’ll have a video on that soon, but no, I don’t think so, I don’t think things are changing any time soon. For more videos like this, give us a like, share, follow, whatever it is cause we got more.”

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