Being Grateful – November Newsletter
We hope that you had a wonderful Thanksgiving. In a year with so many challenges and uncertainties, it was good to spend time with family, although it be distanced or virtual, and reflect on all that we are thankful for on Thanksgiving Day.
“Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into acceptance, chaos to order, confusion to clarity. It can turn a meal into a feast, a house into a home, a stranger into a friend. Gratitude makes sense of our past, brings peace for today and creates a vision for tomorrow.” – Melody Beattie
One of the more surprising things of 2020 has been strong activity in the housing markets. We have seen the highest sales prices within the past three months in Denton, Collin, Dallas & Tarrant counties. Inventories have dropped and volume is up year over year. There has been a decrease in sale volume within the past month which is not uncommon heading into the winter season.
Market Reports
Median Sales Price
$343,000 | +9.8%
Volume
1,621 | +26.1%
Months of Inventory
1.2 | -61.3%
Days on Market
12 | -61.3%
Mortgage Rates
Mortgage rates continue to be at record lows which has created a refinance boom. Per Freddie Mac, the current 30 year fixed rate is 2.72%. Rates have hit a record low 13 times this year.
Christmas Card Campaign
Looking on toward the holidays, what are some of your favorite traditions and activities? Do you send Christmas cards? We are supporting the Sending Love Christmas Card Campaign which is supporting sending cards to those in our local nursing homes. If you would like to send a few cards, please sign up here.
If you have any questions about real estate appraising or our markets please contact us at
About The Author
Shannon Slater
Shannon is a Certified Residential Real Estate Appraiser and serves as the Vice President of the DW Slater Company. She joined David at the DW Slater Company in 2006. Shannon graduated Cum Laude from the University of North Texas with a BA degree. Prior to joining the DW Slater Company, she was an Elementary School Teacher for the Pilot Point Independent School District. Shannon is an FHA Certified Appraiser. Shannon is a designated member of the National Association of Appraisers and a member of the Association of Texas Appraisers. In her free time, Shannon enjoys spending time with her family, singing in a local church choir, and tandem cycling with her husband.
I’m always amazed at how your trend graphs are quite similar to what we are seeing in my market in Sacramento. There is so much to be thankful for. Hope you and your family are well.
Yes, I agree that often our markets are similar. Thank you fir for your input.
We are doing well. Wishing you good health and wellness during this time.