Jay Biedermann - May 2024 Market Report - KW Legacy

Page 1

North Texas Area

Collin County

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Dallas County

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Denton County

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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?

I can help...

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

What Is Going on with Mortgage Rates?

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why.

The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in early 2022. That rate impacts how much it costs banks to borrow money from each other. It doesn’t determine mortgage rates, but mortgage rates do respond when this happens. And that’s when mortgage rates started to really climb.

Collin

What's in the data?

The market for detach 1,312 closed sales at 38% of properties sold was a total of 2,105 n month supply with an market without price r

The market for condo 102 closed sales at a 17 6% of properties so There were 161 new l month supply with an market without price r

al Homes

515K an Sales Price ,312 ed Sales

Price Reduced on Market

Condo/Townhome Residences. Data ©2024 ChartMaster Services, LLC. All without the written permission of to Keller Williams Legacy. TREC# Each office is independently owned

D

2.4 Months of Supply

17.6% Sold Above List Price

161
New Listings
Condo

*Note: Some historical data not

unty
SALES
CLOSED
y year.
available es year 023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024

Median Sales Price

The

$515k as of April 2024

Condos & Townhomes

The median sales price was $407k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 9 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 17 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List

38% of homes sold above their list price in April 2024

Condos & Townhomes

17.6% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Residential Homes
Detached
median
0 5 10 15 20 25 30 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 Back to Table of Contents
sales price was
Price Detached Residential Homes
$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024
000% 1000% 2000% 3000% 4000% 5000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Apr2024

Dallas County

What's in the Dallas County data?

The market for detached residential units saw 1,606 closed sales at a median price of $386k and 36.2% of properties sold above their list price. There was a total of 2,405 new listings, providing a 2.2-month supply with an average of 10 days on the market without price reduction.

The market for condo and townhome units saw 319 closed sales at a median price of $354k and 30 7% of properties sold above their list price There were 559 new listings, providing a 3.2month supply with an average of 13 days on the market without price reduction.

DETACHED

Detached Residential Homes

2,405 New Listings

1,606 Closed Sales

2.2 Months of Supply

$386K Median Sales Price

36.2% Sold Above List Price

10 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

Sales

CONDO Condo
Median
Closed
& Townhomes 559 New Listings 3.2 Months of Supply $354K
Sales Price 30.7% Sold Above List Price 13 Not Price Reduced Days on Market 319

Dallas County

APRIL 2023 - APRIL 2024

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

ACTIVE LISTINGS CLOSED SALES
0 1,000 2,000 3,000 4,000 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0,000 200000 400,000 600,000 800000 1000,000 1200000 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024

Median Sales Price

Detached Residential Homes

The median sales price was $386k as of April 2024

Condos & Townhomes

The median sales price was $354k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 10 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 13 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

36 2% of homes sold above their list price in April 2024

Condos & Townhomes

30.7% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Back to Table of Contents
0 5 10 15 20 25
Jan2024 Feb2024Mar2024 Apr2024
Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023
$0 $100,000 $200,000 $300,000 $400,000 Apr2023May2023
000% 1000% 2000% 3000% 4000% 5000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024

Denton County

What's in the Denton County data?

The market for detached residential units saw 1,248 closed sales at a median price of $475k and 35.8% of properties sold above their list price. There was a total of 1,831 new listings, providing a 2.1-month supply with an average of 12 days on the market without price reduction.

The market for condo and townhome units saw 38 closed sales at a median price of $415k and 23 7% of properties sold above their list price There were 81 new listings, providing a 4.3-month supply with an average of 13 days on the market without price reduction.

DETACHED Detached Residential Homes

1,831

New Listings

1,248 Closed Sales

2.1 Months of Supply

$475K Median Sales Price

35.8% Sold Above List Price

12 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

C 8 New List 4.
23.7%
Months of Su
Sold Above List P

*Note: Some historical data not available

unty
SALES y y
LOSED
ov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 3 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024

Median Sales Price

Detached Residential Homes

The median sales price was $475k as of April 2024

Condos & Townhomes

The median sales price was $415k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 12 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 13 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

35 8% of homes sold above their list price in April 2024

Condos & Townhomes

23.7% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Back to Table of Contents
0 5 10 15 20 25 Apr2023May2023
Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024
Jun2023 Jul2023Aug2023Sep2023
$0 $100,000 $200,000 $300,000 $400,000 $500,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023
000% 1000% 2000% 3000% 4000% 5000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Jan2024 Feb2024Mar2024 Apr2024

Fannin-Lam Counties

What's in the Fannin-Lama Counties data?

The market for detached residential units closed sales at a median price of $235k a of properties sold above their list price. Th a total of 144 new listings, providing a 4.9 supply with an average of 31 days on the without price reduction.

There was no data for condo and townho this month.

No data for this month.

C
Counties LOSED SALES y y
ov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 3 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 todispla
*Note: Some historical data not available

Median Sales Price

Condos & Townhomes

No data for this month

*Note:

Not PR Days On the Market

Single-Family Homes

There was an average of 31 days on the market, without price reduction, as of April 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

8 5% of homes sold above their list price in April 2024

Condos & Townhomes

No data for this month. *Note: Some

Back to Table of Contents
Detached Residential Homes The median sales price was $235k as of April 2024 0 5 10 15 20 25 30 35 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024
Price Detached Residential Homes
Sold Above List
Some historical data not available
historical data
available $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 500% 1000% 1500% 2000% 2500% 3000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
not

Grayson County

What's in the Grayson County data?

The market for detached residential units saw 219 closed sales at a median price of $324k and 22.4% of properties sold above their list price. There was a total of 398 new listings, providing a 4 3-month supply with an average of 25 days on the market without price reduction.

The market for condo and townhome units saw 2 closed sales at a median price of $303k and 0% of properties sold above their list price. There were 10 new listings, providing a 14.5-month supply with an average of 22 days on the market without price reduction

398 New Listings

Residential Homes

219 Closed Sales

4.3 Months of Supply

$324K Median Sales Price

22.4% Sold Above List Price

25 Not Price Reduced Days on Market

NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Legacy. TREC# 0492040. Copyright Keller Williams Legacy 2024. Each office is independently owned and operated.

DETACHED Detached
C 1 New List 14. Months of Su 0% Sold Above List P

*Note: Some historical data not available

ounty LOSED SALES y y
ov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 3 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024

Median Sales Price

The median sales price was $324k as of April 2024

Condos & Townhomes

The median sales price was $303k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 25 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 22 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

22 4% of homes sold above their list price in April 2024

Condos & Townhomes

0% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Back to Table of Contents
Detached Residential Homes
0 20 40 60 80 100
Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024
$0 $100,000 $200,000 $300,000 $400,000
000% 1000% 2000% 3000% 4000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024

Kaufm Count

What's in the data?

The market for detach closed sales at a med 15.4% of properties so There was a total of 4 3 8-month supply with the market without pr

The market for condo closed sale at a media properties sold above new listings, providing average of 0 days on reduction

06 ed Sales

315K an Sales Price

2 Price Reduced on Market

Condo/Townhome Residences. Data ©2024 ChartMaster Services, LLC. All without the written permission of to Keller Williams Legacy. TREC# Each office is independently owned

D
al Homes

Not Price Reduced Days on Market

CONDO Condo
4 New
$228K Median
0
1 Closed
& Townhomes
Listings 18 Months of Supply
Sales Price 0% Sold Above List Price
Sale

Kaufman County

APRIL 2023 - APRIL 2024

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

ACTIVE LISTINGS CLOSED SALES
0 200 400 600 800 1,000 1,200 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 5 10 15 20 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024

Median Sales Price

Detached Residential Homes

The median sales price was $315k as of April 2024

Condos & Townhomes

The median sales price was $228k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 22 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 0 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

15 4% of homes sold above their list price in April 2024

Condos & Townhomes

0% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Back to Table of Contents
0 20 40 60 80 100
Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000
Jul2023Aug2023Sep2023
000% 1000% 2000% 3000% 4000% 5000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Apr2023May2023 Jun2023
Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024

Ro Co

What's Countie

The marke closed sale

17.6% of pr

There was 4 4-month market with

The marke closed sale

27.3% of pr There were supply with without pri

8 tings

Homes for Detached Residential Homes and Condo/Townhome Residences. Data o be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All reserved. 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 2024. Each office is independently owned and operated.

296 Closed Sales

4 of Supply

$365K Median Sales Price .6% ove List Price

16 Not Price Reduced Days on Market

ETACHED
ched Residential

New Listings

2.9 Months of Supply 27.3% Sold Above List Price

Condo 16

Hunt Counties

CLOSED SALES
y year.
available es year 023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024
*Note: Some historical data not

Median Sales Price

Detached Residential Homes

The median sales price was $365k as of April 2024

Condos & Townhomes

The median sales price was $260k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 16 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 83 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

17 6% of homes sold above their list price in April 2024

Condos & Townhomes

27.3% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Back to Table of Contents
0 50 100 150 200
Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024
$0 $100,000 $200,000 $300,000 $400,000
000% 2000% 4000% 6000% 8000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024

Tarran

What's in the data?

The market for detach 1,954 closed sales at 33.7% of properties so There was a total of 2 2.1-month supply with the market without pr

The market for condo 112 closed sales at a 28 6% of properties so There were 175 new l month supply with an market without price r

al Homes

,954 ed Sales

354K an Sales Price

2 Price Reduced on Market

Condo/Townhome Residences. Data ©2024 ChartMaster Services, LLC. All without the written permission of to Keller Williams Legacy. TREC# Each office is independently owned

D

on Market 112

Sales

CONDO Condo
& Townhomes
175 New Listings
Closed
2.9 Months of Supply $282K Median Sales Price 28.6% Sold Above List Price 28 Not Price Reduced Days

Tarrant County

APRIL 2023 - APRIL 2024

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

ACTIVE
CLOSED SALES
LISTINGS
0 1000 2000 3,000 4,000 5,000 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0,000 50,000 100,000 150,000 200000 250000 300000 350000 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024

Median Sales Price

The

Condos & Townhomes

The median sales price was $282k as of April 2024

*Note: Some historical data not available

Not PR Days On the Market

Single-Family Homes

There was an average of 12 days on the market, without price reduction, as of April 2024

Condos & Townhomes

There was an average of 28 days on the market, without price reduction, as of April 2024

*Note: Some historical data not available

Sold Above List Price

33 7% of homes sold above their list price in April 2024

Condos & Townhomes

28.6% of homes sold above their list price in April 2024.

*Note: Some historical data not available

Back to Table of Contents
Residential Homes
Detached
median sales
0 5 10 15 20 25 30 Apr2023May2023
Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024
price was $354k as of April 2024
Jun2023
Detached Residential Homes
$0 $100,000 $200,000 $300,000 $400,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024
000% 1000% 2000% 3000% 4000% 5000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024
Feb2024Mar2024 Apr2024
3600 Preston Rd, Plano, TX 75093 Keller Williams Legacy 3100 Lamar Ave., Paris, TX 75460 Keller Williams Paris Jay Biedermann Realtor TREC #0661604 (214) 491-7130 JayB@KW.com ®
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