The North Texas real estate market continues to show dynamic changes, reflecting both buyer interest and seller activity. Within the past 24 hours, data from the North Texas Real Estate Information Systems (NTREIS), which spans over 48,000 square miles including the Dallas-Fort Worth Metroplex, reveals a mix of new listings, pricing adjustments, and varied contract statuses. Here’s a closer look at what the latest numbers mean for prospective buyers and sellers.

Key Highlights from the Last 24 Hours:

New Listings (27)

Back on Market (7): This may indicate deals that fell through, often due to inspection issues, financing, or other contingencies.

Price Decrease (27): Price reductions signal sellers’ increased motivation and willingness to negotiate, potentially making homes more affordable.

Active Option Contract (23): Twenty-three properties are under option contracts, meaning buyers have a set timeframe to conduct inspections and assess whether to proceed.

Pending (48): With 48 properties moving into the pending phase, these transactions are nearing the closing stage. Pending sales signal market stability and the likelihood of upcoming successful closings, beneficial to both buyers and sellers by adding to the overall market value.

Closed (8): Eight properties have officially closed, representing finalized transactions and successfully completed sales. These closings reflect the culmination of buyer-seller agreements and underscore the robust activity in the North Texas market.

Expired (39): Expired listings refer to properties that did not sell within their listing contract timeframe. This typically occurs when the contract between the seller and their broker expires, and the property is taken off the market. Often, homeowners in this situation may choose not to lower their listing price to match current market conditions, preferring instead to wait for a more favorable market before relisting.

Canceled (2): Cancellations can occur for various reasons, such as changes in the seller’s situation or shifting market conditions.

Receive a Free Comparative Market Analysis (CMA)

For those interested in understanding where their property stands in today’s market, I’m offering a complimentary Comparative Market Analysis (CMA). This report will provide a detailed view of comparable homes and recent sales in your area to help you make informed decisions about selling, pricing, or holding your property. If you’d like a free CMA, feel free to email me at amanda.allen@cbrealty.com or text 903-603-0648.

"Behind every closing, there’s a realtor who believed in the journey and walked every step with their client."

Amanda Allen, Realtor!😊