3BR/2Bath homes have been the "bread and butter" of residential real estate sales throughout DFW for first-time homebuyers especially.
Today saw two closings that fit the above criteria. One of the two homes actually had just one bathroom, though still captured $198.97/sqft.
Together, these two closings were both beneath 1400sqft, though averaged $222.94/sqft and 17 days on the market!
As I've mentioned recently, these statistics are in-line with closings over the summertime when the DFW market was really sizzling. It certainly breeds optimism for where our local market is headed into the end of 2022 and Q1 of 2023.
Core PPI- Producer Price Index released today for September 2022. Per the Wall Street Journal, PPI dropped to 8.5% year over year versus 8.7% in August and 11.3% in June. This measure shows an average over time of prices producers receive for their output on a domestic basis.
With wage growth cooling to 5% from 5.2% in August, the remainder of this week will reveal much more about the state of inflation on our nation.
As always, click my social media widgets on the homepage for a daily breakdown of our market.
Talk soon. Eddie.
