Being Grateful – November Newsletter

Photo by Sasha Prasastika from Pexels

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

OCTOBER 2020
 
Denton County
$343,000 | +9.8%
Collin County
$366,700 | +11.1%
Dallas County
$285,000 | +17.5%
Tarrant County
$265,000 | +7.7%

Volume

OCTOBER 2020
 
Denton County
1,621 | +26.1%
Collin County
1,786 | +33.2%
Dallas County
2,320 | +13.8%
Tarrant County
2,613 | +10.0%

Months of Inventory

OCTOBER 2020
 
Denton County
1.2 | -61.3%
Collin County
1.3 | -62.9%
Dallas County
2.2 | -38.9%
Tarrant County
1.3 | -48.0%

Days on Market

OCTOBER 2020
 
Denton County
12 | -61.3%
Collin County
14 | -65.9%
Dallas County
14 | -46.2%
Tarrant County
11 | -56.0%

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

www.dwslaterco.com.

2 Replies to “Being Grateful – November Newsletter”

  1. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *