Latest news with #BillKitchens
Yahoo
11 hours ago
- Business
- Yahoo
May Data: Dallas-Fort Worth Home Listings Lead Nation
Dallas-Fort Worth's home inventory surged to its highest level in years, according to data from In May, home listings in the Metroplex were up 16.7% compared to one year prior. Nearly 33,780 homes were listed in the month, the highest number of listings in any market in the country. Bill Kitchens, director of market analytics at said the results indicate a recovery to the trends witnessed before the pandemic kicked off. 'We're seeing this shift in the balance of power moving closer in favor of the buyers. The buyers have more options than they had a year ago or even two years ago, so it's an indication that we're seeing a much more balanced market compared to not too long ago,' he said, per WFAA. In terms of growth, DFW ranked No. 17. Nationally, average home inventory expanded by 17.2%, with Atlanta taking the top spot in May at 41.6%. Prospective buyers will likely welcome the plethora of options currently available in DFW; sellers, not so much. 'For someone who's selling their home, I think it's important to understand that they may have more competition than they've had in the past, and this also affects price,' said Kitchens. It is not just homes that are leading in the real estate sector in North Texas. Last month, The Dallas Express detailed a report from Lodging Econometrics that said Dallas led the nation with the largest hotel construction pipeline during the first quarter of 2025. In Q1, the Big D boasted 203 projects covering 24,496 rooms, a record high.
Yahoo
12 hours ago
- Business
- Yahoo
May Data: Dallas-Fort Worth Home Listings Lead Nation
Dallas-Fort Worth's home inventory surged to its highest level in years, according to data from In May, home listings in the Metroplex were up 16.7% compared to one year prior. Nearly 33,780 homes were listed in the month, the highest number of listings in any market in the country. Bill Kitchens, director of market analytics at said the results indicate a recovery to the trends witnessed before the pandemic kicked off. 'We're seeing this shift in the balance of power moving closer in favor of the buyers. The buyers have more options than they had a year ago or even two years ago, so it's an indication that we're seeing a much more balanced market compared to not too long ago,' he said, per WFAA. In terms of growth, DFW ranked No. 17. Nationally, average home inventory expanded by 17.2%, with Atlanta taking the top spot in May at 41.6%. Prospective buyers will likely welcome the plethora of options currently available in DFW; sellers, not so much. 'For someone who's selling their home, I think it's important to understand that they may have more competition than they've had in the past, and this also affects price,' said Kitchens. It is not just homes that are leading in the real estate sector in North Texas. Last month, The Dallas Express detailed a report from Lodging Econometrics that said Dallas led the nation with the largest hotel construction pipeline during the first quarter of 2025. In Q1, the Big D boasted 203 projects covering 24,496 rooms, a record high.
