Happy Thanksgiving

Happy Thanksgiving from Shannon Slater on Vimeo.

Happy Thanksgiving
from the DW Slater Company

It has been a very unexpected year for all of us and through it all, we are giving thanks. We believe in giving thanks in all things.  We give thanks to you, our clients that have trusted us for your appraisal service needs this year. 
 
Our Thanksgiving time with family will be different this year due to Covid19 concerns but through it all, we are thankful for our family and friends. We have learned to cherish all connections no matter how we are connecting.  We wish you the same as you connect with your family and friends, whatever it may look like this year.  

Give thanks not just on Thanksgiving Day, but every day of your life. Appreciate and never take for granted all that you have.”– Catherine Pulsifer
 
Happy Thanksgiving! 

Labor Day Weekend & the Housing Market- August Newsletter

We hope that you have some great plans for labor day weekend. We have had a very busy month of August. We know that you work hard to provide good services or products in your businesses and we hope that you do get to enjoy a little time off from your labor. Whether you are making a last-minute trip or staying home for some downtime, make it a great weekend!

Our thoughts are with you that are in the path of Hurricane Dorian our prayers for safety from this unpredictable storm.

The summer months have ended up strong but flat. Sale volume is up. Sale price appreciation year to year is flat. Days are on the market are still increasing and supplies are up in Dallas and flat in the other markets.

Here’s a current look at the market trends- don’t forget to hover over the charts for more information.

Median Sales Price

JULY 2019
 

Denton County
$322,950 | +1.0%

Collin County
$343,000 | -0.2%

Dallas County
$249,700 | +1.9%

Tarrant County
$247,500 | +3.4%

Months of Supply

JULY 2019
 

Denton County
3.3 | +3.1%

Collin County
3.7 | -2.6%

Dallas County
3.5 | +25.0%

Tarrant County
2.5 | 0.0%

Days on the Market

JULY 2019
 

Denton County
25 | +31.6%

Collin County
32 | +60.0%

Dallas County
18 | +38.5%

Tarrant County
14 | +27.3%

Volume

JULY 2019
 

Denton County
1,660 | +13.6%

Collin County
1,736 | +2.5%

Dallas County
2,387 | +5.6%

Tarrant County
2,785 | -0.8%

Grayson & Cooke Counties

We wanted to also share an update on some of our more rural markets. We appraise in Cooke and Grayson counties. We have been seeing sale prices rising in these more rural, less dense markets. Some of this is due to affordability. As the prices in the North Texas market have been increasing, many are searching further north to find more affordable homes.

JULY 2019
 

Grayson County
$206,500 | +11.9%

Cooke County
$205,000 | -1.7%

What’s up with Mortgage Rates?

Mortgage rates are still at historically record lows. Per Freddie Mac, the current 30 year fixed rate is 3.58%. Although rates are low and the economy strong, we are not having the housing boom you might think. We are seeing boom in refinances but supply, affordability and the cost of construction are keeping a damper on housing.

Again, we wish you a wonderful Labor Day weekend and if you have any questions about real estate appraisals or services don’t hesitate to contact us at www.dwslaterco.com.

Same Blog, New Site

Welcome to our new blog site! Thanks to all of you who have subscribed to our blog at DW Slater Appraisal Company Blog. We have switched to a WordPress platform so this will be the new site for our blog. This platform gives us the capabilities of doing more with our blog and we are looking forward to sharing our content on this new site! The old site will remain so that all of our old content will still be available. All new posts will be sent from this site: www.dwslaterco.blog.

Please let us know what topics you would like us to cover and share with us either below in the comment section or send us a message at www.dwslaterco.com.