January Newsletter-2019 Year in Review

Photo by David McBee from Pexels

“And now we welcome the new year. Full of things that have never been.”

Rainer Maria Rilke

We hope that your 2020 is off to a great start! As we enter another year, we wanted to look back at 2019 and review the year. We went a little more in-depth with some of the statistical data and have some different graphs for you. This year we continued to see population growth as inventories are beginning to increase. Some interesting stats of note:

  1. Tarrant County had the largest number of sales in 2019
  2. All four counties show slight price increases in 2019
  3. All four counties have increased supply
  4. All four counties have bank-owned (foreclosure) of less than 1%.

 

Here are the numbers and stats for 2019: 

 

 

 

Overall the markets are flattening with slight increases for the year.  We are not in a down cycle. As the Texas economy remains strong and population growth continues we do not anticipate a market decline.  That said, unforeseen things can impact the market, thus we will continue to provide you with monthly updates and information. 

**Please note that these statistics are general market trends and are not considered to be used to determine the value of your specific home**

Please let us know if there is are other metrics or information you would like us to cover for North Texas.

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