Market Update

As big a year as this was for real estate sales, over 117,000 single family homes changed hands, it just missed topping total sales in 2020. Dallas area sales were down 1% in 2021, but prices continued their remarkable run, up 18% vs 2020. Newcomers to Dallas probably...

November home sales in our greater Dallas area were slightly ahead of last year, up 4%, while the median sales price held steady, up 18% vs year ago. With the average days on market continuing to run less than 30 days, it's a sign that we are not yet releasing our...

Dallas area home sales in September and October were lower than year ago levels, marked by a severe shortage of inventory in lower price points. November data will be available next week, and we'll likely see lower sales due to the same issue. With the median home...

“August 2021 dollar volume of North Texas existing home resales had its 4th highest month in history with transaction volume of $4.72 billion. August 2021’s dollar volume was up 13% when compared to August 2020 (5% fewer transactions but 19% higher average sales...

Demand for homes remained exceptionally strong in the Dallas area in July, with that demand encompassing all forms of housing--single family homes, townhomes, condos, and rental homes.  The important metic here was not the sales numbers, which showed a year-over-year...

Overall Dallas June sales were DOWN 3%, after three months of 20%+ year-over-year sales gains, which smashed a few records along the way. But you and I knew that was coming, because 1) those kind of sales gains are unsustainable, and 2) we are comparing this June to...

May homes sales are in, and it's close to a carbon copy of last month's spectacular performance.  Overall Dallas sales were up 27% with a median sales price 26% higher than a year ago.  Homes are selling so quickly, it gives the appearance of a low inventory...

Have you been to a silent auction lately?   If you are in the market to buy a home, you are participating in one now.  There is one big difference though.  At your traditional holiday fund-raiser, you get to see the latest, highest posted price before the gavel...

Another interesting start to another interesting year.  What happened to typical and predictable?  Last year in early March we thought home buyers would not find a house to buy due to the lockdown.  This year we wonder if home buyers can find a house to buy given the...

Where to begin.  Packed with elections outcome uncertainty, long awaited but on-schedule vaccine approval and delivery, holiday planning, shopping, decorating and travel, there were just a few distraction to the usual routine.  Despite all the goings-on, North Texans...