The DeBerry Team of Keller Williams Realty has been very active over this past month due to an increase in both seller and buyer demand. The issue continues to be a lack of more housing inventory for single family homes. This situation has led to increased offers above list price and many of those are cash offers. We spoke to one of our title companies recently and they told us that many of the people that they are closing are using their 401k to make cash offers and then getting a mortgage once they secure the home they desire. However, our team is still seeing many of our customers using a mortgage company to secure their financing for a home. Our team has seen an uptick in both buyer and seller activity over these past two weeks. 

As of March 7, 2022, we are seeing more homes coming on the market but since the demand is high, they don't last long on the market. Lets take a look at the 4 counties that our team has helped clients find and sell home in. Collin County is our primary market and stats are as follows: months supply is .5, median Days a listing is on the market is 5 days, percent of list price received 105.9%. In Collin County we saw 262 new listings this past week compared to 193 from the previous week. This is a good trend. We also saw 319 homes closed compared to 228 a week ago. The demand is definitely there. Interest rates moving upward may be driving more activity for those wishing to sell and of course it impacts those wishing to buy a home as well. Dallas County months supply was .8, median days on market was 7 days and percent received to list price was 101.5%. New listings increased from 365 from the previous week to 414 listing this past week. Closed sales jumped from 434 to 631 homes closed this past week. Denton County had only .5 months supply as well and the median days on market was 5 days. Percent received to list price was 104.5%. New listings increased as well in this county. They moved up from 172 new listing two weeks ago to 233 new listings this previous week. Closed sales in Denton county jumped up as well from 227 closed two weeks ago to 323 closed this past week. Rockwall county months supply was .8 and their median days on market was 8 days. Again, in this county we saw them receiving 102.4% of their list price this past week. A slight increase in new listings moving from 46 two weeks ago to 51 this week. Closed sales also moved upward as well from 42 closings two weeks ago to 58 this past week. 

The more a buyer and seller know in this market will benefit them in the long run. We suggest they speak to their Realtor to understand what is going on in each subdivision they are looking in to purchase a home in. This information will be very valuable when it comes to making a decision. 

Posted by Roxanne DeBerry on


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