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May Newsletter- Rural Counties Surge

When appraising, especially in our rural market areas, we drive around and see many things, including unusual names for streets. This sign in Montague county is one of our favorites and speaks to the affinity for being away from the hustle and bustle of the larger metropolitan areas. This past year, the pandemic has really been a disrupter for many facets of our lives but the impact on real estate has been significant. Prices were rising but have accelerated even more this past year as many were looking to move or upgrade their homes, taking advantage of the low-interest rates. Demand has been high and the supply low, driving prices up. We appraise in our main counties but also in some of the surrounding rural counties. Our rural counties have seen a surge in the number of sales. The desire to have a piece of land away from it all has been strong. Land prices have really ticked up during the pandemic. This month we’ve included both our regular counties as well as some data from our rural counties. Don’t forget that the links are clickable and you can further explore the data.

Median Sales Price- Dallas, Tarrant, Denton & Collin Counties

APRIL 2021
Denton County
$341,000 | +8.0%

Collin County
$370,000 | +8.8%

Dallas County
$285,000 | +14.0%

Tarrant County
$265,530 | +8.4%

Median Price Per Sq Ft- Dallas, Tarrant, Denton & Collin Counties

APRIL 2021
Denton County
$151 | +7.9%

Collin County
$150 | +7.9%

Dallas County
$156 | +12.2%

Tarrant County
$137 | +8.7%

Days on Market- Dallas, Tarrant, Denton & Collin Counties

APRIL 2021
Denton County
13 | -55.2%

Collin County
13 | -61.8%

Dallas County
15 | -34.8%

Tarrant County
11 | -42.1%

Months Supply- Dallas, Tarrant, Denton & Collin Counties

APRIL 2021
Denton County
1.3 | -55.2%

Collin County
1.4 | -56.3%

Dallas County
2.1 | -34.4%

Tarrant County
1.3 | -43.5%

Volume-Dallas, Tarrant, Denton & Collin Counties

APRIL 2021
Denton County
17,698 | +10.2%

Collin County
18,928 | +11.2%

Dallas County
27,540 | +10.2%

Tarrant County
29,585 | +6.0%

Rural Counties

Median Sales Price- Cooke, Grayson, Wise & Parker Counties

APRIL 2021
Cooke County
$255,000 | +21.1%

Grayson County
$215,000 | +13.2%

Wise County
$275,900 | +10.4%

Parker County
$336,000 | +12.0%

Median Price Per Sq Ft- Cooke, Grayson, Wise & Parker Counties

APRIL 2021
Cooke County
$134 | +13.6%

Grayson County
$126 | +10.5%

Wise County
$145 | +8.2%

Parker County
$149 | +8.0%

Days on Market-Cooke, Grayson, Wise & Parker Counties

APRIL 2021
Cooke County
36 | -14.3%

Grayson County
27 | -25.0%

Wise County
26 | -29.7%

Parker County
33 | -15.4%

Months of Supply- Cooke, Grayson, Wise & Parker Counties

APRIL 2021
Cooke County
2.2 | -57.7%

Grayson County
2.3 | -46.5%

Wise County
2.3 | -43.9%

Parker County
2.1 | -46.2%

Volume- Cooke, Grayson, Wise & Parker Counties

APRIL 2021
Cooke County
518 | +10.2%

Grayson County
2,554 | +22.3%

Wise County
1,241 | +23.1%

Parker County
3,464 | +20.5%

Mortgage rates have remained low with many below 3% and construction costs continue to sky rocket. All of these market areas continue to see price increases, low supply, and high demand. As we come out of the pandemic, we will continue to keep an eye on shifts in the market.

Also, it is of note, that these statistics are general for all sales within the entire county, each home will be in a submarket that may be higher or lower, depending on the market. These are general trends and should not be applied to specific homes. In other words, if you live in Denton County, just because the general trend is 8% higher prices, does not necessarily mean your home is worth 8% more than last year.


New Blog Posts

We have a couple of new posts on the blog! Check them out!

Let us know what questions you have about our markets or real estate appraising. We’d be glad to help out. If you aren’t already on our newsletter, please sign up below.

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