Is the housing market slowing down?…
Is it going to crash?…
Let’s check out the Texas housing data for Q2 from 2019-2022.
- 2019 = 101,896 homes sold / average days on market 88
- 2020 = 91,970 homes sold / average days on market 93
- 2021 = 114,772 homes sold / average days on market 71
- 2022 = 108,390 homes sold / average days on market 66
The market is slower than it was in the last two years and is currently correcting itself to go back into what is considered normal/average for the DFW area … but this isn’t a crash.
For those buyers that are waiting for the market to crash … you may be waiting for a long, long time.
For those selling homes, please remember this isn’t 2021, you will need to price your properties accordingly from day 1. Buyers now have more control in the housing market and are taking their time to choose the perfect home.
Happy House Hunting!
This real estate column is brought to you by Kylah Artz, a local real estate agent with Texas Urban Living, serving the DFW area.