The past few years have been full of ups, downs, and many changes - including many to housing markets globally. 2022 is certainly not exempt from that, and with 2023 on the horizon, there’s no time better than the present to reflect on the real estate market in Dallas-Fort Worth (DFW).
Overall, year-to-date sales reached 71,148 in DFW, and the average sale price of a home rose 10.35% year-over-year. In fact, according to the Fort-Worth Star Telegram, over the course of August 2020 to May 2022, the average price of a home in Fort Worth jumped up 48%.
Though this increase, thanks to inflation, may seem to benefit a seller’s market heavily, there are some notable benefits for buyers. The Dallas-Fort Worth metropolitan area has significantly increased its inventory alongside this rise in prices, and many homes are selling. This points to great news for first-time and seasoned buyers alike who are looking for their dream homes in late 2022 and 2023. The number of days a house is on the market has increased as well, which also means buyers can take their time and truly find a home that meets all their needs.
At William Ryan Homes, we have strived to help our clients in the Dallas-Fort Worth area build their dream homes too, which adds an extra benefit in regards to inventory. In fact, we started building new homes in the Dallas-Fort Worth Metroplex, which is one of the fastest-growing regions in the US. With a booming economy, plenty of arts and culture events, and a fantastic job market thanks to housing 22 of the 500 largest companies in America - we know that our clients will be making a fantastic investment.
So, though 2023 may feel uncertain, let these reflections on the 2022 real-estate market in Dallas-Fort Worth prove that both buyers and sellers can find what they are looking for!
Want to discuss how William Ryan Homes can help you reach your goals in 2023? Feel free to reach out here and stay tuned for more details on our developments in Dallas-Fort Worth.
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