How COVID-19 Is Impacting the DFW Housing Market
If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the DFW market.
Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.
You’ll find our team's stats vs the entire market average with info on average sales price, average days on market, and more in our September DFW Market Report
* All stats have been pulled from Broker Metrics & NTREIS. These stats are provided for North East Tarrant County, South Denton County (Flower Mound, Argyle, Coppell, Trophy Club, Roanoke) and Coppell
Average Days on Market
Average Sale-to-List Price
Average Sales Price
Average Price Per Square Foot
Average Days on Market
Months of Supply
(including option, contingent and kick out)
The Tosello Team Sells Houses Faster & For More Money
Taking a side by side look at the average agent in the DFW:
The average agent sells in 32 days, The Tosello Team sells in 29 days!!
The average agent sells their listings for 99.1% of list price, The Tosello Team sells their listings for 99.71%!
The Surging Real Estate Market Continues to Climb
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:
The index compares the current status “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”
The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.
Today, the index stands at its highest point all year, including the time prior to the economic shutdown.
The Momentum Is Still Building
Though there is some evidence that the overall economic recovery may be slowing, the housing market is still gaining momentum. Zillow tracks the number of homes that are put into contract on a weekly basis. Their latest report confirms that buyer demand is continuing to dramatically outpace this same time last year, and the percent increase over last year is growing.
Clearly, the housing market is not only outperforming the grim forecasts from earlier this year, but it is also eclipsing the actual success of last year.
Your dream home awaits! We're here to guide you through the simple steps to a buyer's success.
Time For a Change?
Get excited about your next chapter! We bring patience, compassion, and calmness to what most consider an overwhelming process.
Read a few of our sellers' stories!
Ivan and Gil-li
The Banat's sold their home in 5 days for full asking price and moved to Florida.
Received 5 offers and sold for $15,000 over their asking price!