Denton County included a $423,205 median closing amount in the first month of 2023. This compares to $443,749 in December of 2022, representing over a $20,000 decline month over month.
Sellers adjusting their expectations as we see above, has helped mitigate the decline in closings. While January did bring another decrease of 15.7% versus the same period in 2022, Denton County compares favorably to Dallas County where closings declined over 34% in January.
With listings increased 245% versus 2022 or 2 months of inventory, the county boasts a healthy selection for purchasers.
Lastly, with days on market resulting in 61 days, the leverage is clearly with purchasers as we head into the Spring.
For more information, contact me above!
Talk soon. Eddie.
