Dallas and Houston Market Insights Reports - October 2023
October 17, 2023
Dallas and Houston Market Insights Reports - October 2023
Today we are pleased to release our latest Dallas and Houston Market Insights Report for October 2023. Here are our findings from the analysis:
Active listings increased in both markets last month as homes remain on the market for longer.
Purchase prices in Dallas have stabilized at around $400k, while in Houston sale prices decreased over the past three months.
The sale-to-original-list percentage (STOL) in both markets converged to 96% in September. This marks the first time this figure had dropped since 2022 in both markets.
<30 DOM listings accounted for exactly 25% of all active listings while >60 DOM listings accounted for around 53%.
In previous months, both markets had seen list and sales prices p.s.f. converge; however, list these figures drifted farther apart in September as sale prices on a $p.s.f. basis declined.
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