Trend Shows continued decrease in Home Inventories in the DFW Area!

Tuesday, May 8, 2018   /   by Bernie Christian

Trend Shows continued decrease in Home Inventories in the DFW Area!

New Listings on the Market (Year to Date) in the
Top 10 Zip Codes in the DFW Metroplex

From January 1, 2018 to May 8, 2018, this chart shows the top 10 zip codes in the DFW Metroplex in terms of listings that came on the market during that period expressed in zip codes. Zip code 75070 is located in McKinney Texas ranking in at the TOP of the Top 10 with 1749 new listings. At the bottom of our TOP 10 is Prosper Texas with 795 new listings. The 76179 Eagle Mountain Lake/Saginaw area ranks in at 942 new listings, just above Prosper Texas. Last year (2017) for the same time period 12240 listings entered the market vs 10,619 for this year. The Burleson area (76028) was the bottom of the Top 10 with Prosper coming in at 9th place. Zip code 76179 maintained 8th place year over year for the same time period. Mckinney has maintained 1st place year over year.

One important thing to note is that last year there were 12240 listings that came on the market vs. 10,619 for this year. With more and more people coming into the state and the DFW area and considering the lesser rate at which listings are coming on the market, this is certain to continue to drive prices upward. Builder confidence and investment into the DFW area has increased and they are adding new home inventory into the market. However, time will tell whether the pace of new construction can keep up with the demand and what effect it will have on home prices. 

Do you have a home to sell or are you about to buy a home? Give us a call at The Christian Group, Keller Williams Realty 817-269-1660 and let us show you how we work and what we can do to put a smile on your face. We know what the market is doing and have the experience to give you the edge to win.

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