Dallas Home Sales Stats for May, 2021

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 situation.  This has been the common theme, but we did sell 10,000 homes last month with another 12,000 homes under contract to sell in June.  Because they sell so quickly, the impression left is “nothing available”.  Plano homes, for example, have an average 11 days on market.  Coppell and Allen 12 days; Carrollton-Farmers Branch 13 days; Richardson 14 days.  I googled some old photos of the Oklahoma Land Rush of 1889…some similarities there!

Last month I was guessing we might slow it down a little, with vacation season upon us.  Now I’m having my doubts.  We’re likely to see this market activity continue.  How long?  Probably until the demand pushes prices to resistance, whenever that is!

Below are the results for a sample of submarkets I follow.  Enjoy!

Overall Market (North Texas):

May 21 vs 20: Sales up 27%, median price up 26%, DOM 24, down 53%

Apr 21 vs 20: Sales up 28%, median price up 18%, DOM 28, down 45%.

YTD 21 vs 20: Sales up 11%, median price up 17%, DOM 33, down 42%

 

Uptown, Downtown and Turtle Creek (Condos and Townhomes):

May 21 vs 20: Sales up 240%, median price up 22%, DOM 78, down 11%.

Apr 21 vs 20: Sales up 187%, median price up 12%, DOM 67, down 4%.

YTD 21 vs 20: Sales up 95%, median price up 16%, DOM 73, unchanged.

 

Highland Park and University Park, Bluffview, Devonshire and Greenway Parks:

May 21 vs 20: Sales up 181%, median price up 32%, DOM 54, up 15%.

Apr 21 vs 20: Sales up 77%, median price up 63%, DOM 50, down 4%.

YTD 21 vs 20:Sales up 45%, median price up 29%, DOM 63, down 13%.

 

East Dallas (incl M’s and Lakewood):

May 21 vs 20: Sales up 65%, median price up 19%, DOM 25, down 42%.

Apr 21 vs 20: Sales up 37%, median price up 9%, DOM 25, down 39%.

YTD 21 vs 20: Sales up 32%, median price up 13%, DOM 32, down 42%

 

North Dallas (South of LBJ):
May 21 vs 20: Sales up 217%, median price up 29%, DOM 42, down 45%.

Apr 21 vs 20: Sales up 165%, median price up 18%, DOM 65, up 5%.

YTD 21 vs 20: Sales up 80%, median price up 20%, DOM 67, up 21%.

 

Far North Dallas (incl Addison and to Park Blvd in Plano):
May 21 vs 20: Sales up 93%, median price up 27%, DOM 21, down 54%.

Apr 21 vs 20: Sales up 38%, median price up 15%, DOM 23, down 54%.

YTD 21 vs 20: Sales up 45%, median price up 12%, DOM 33, down 37%.

 

Northwest Dallas (incl Midway Hollow):

May 21 vs 20: Sales up 25%, median price up 21%, DOM 20, down 53%.

Apr 21 vs 20: Sales up 222%, median price down 3%,DOM 34, down 8%.

YTD 21 vs 20: Sales up 48%, median price up 14%, DOM 37, down 25%.

 

Northeast Dallas (incl Lake Highlands):
May 21 vs 20: Sales up 24%, median price up 30%, DOM 18, down 69%.

Apr 21 vs 20: Sales up 38%, median price up 12%, DOM 24, down 43%.

YTD 21 vs 20: Sales up 17%, median price up 22%, DOM 37, down 30%.

 

Plano:
May 21 vs 20: Sales up 35%, median price up 23%, DOM 11, down 71%.

Apr 21 vs 20: Sales up 28%, median price up 27%, DOM 16, down 59%.

YTD 21 vs 20: Sales up 12%, median price up 18%, DOM 25, down 52%.

 

Frisco:

May 21 vs 20: Sales up 53%, median price up 28%, DOM 15, down 72%.

Apr 21 vs 20: Sales up 40%, median price up 26%, DOM 17, down 68%.

YTD 21 vs 20: Sales up 6%, median price up 24%, DOM 24, down 61%.

 

Richardson:

May 21 vs 20: Sales up 32%, median price up 22%, DOM 14, down 61%

Apr 21 vs 20: Sales up 22%, median price up 15%, DOM 21, down 36%.

YTD 21 vs 20: Sales up 4%, median price up 18%, DOM 63, down 13%

 

Southlake:

May 21 vs 20: Sales up 85%, median price up 39%, DOM 20, down 73%.

Apr 21 vs 20: Sales up 62%, median price up 23%, DOM 33, down 27%.

YTD 21 vs 20: Sales up 24%, median price up 22%, DOM 33, down 48%.

 

Coppell:

May 21 vs 20: Sales up 59%, median up 47%, DOM 12, down 54%.

Apr 21 vs 20: Sales up 14%, median price up 8%, DOM 15, down 40%.

YTD 21 vs 20: Sales up 18%, median price up 12%, DOM 27, down 54%.

 

Allen:
May 21 vs 20: Sales up 34%, median price up 34%, DOM 12, down 72%.

Apr 21 vs 20: Sales up 62%, median price up 34%, DOM 18, down 55%.

YTD 21 vs 20: Sales up 7%, median price up 22%, DOM 20, down 57%.

 

Rockwall (incl Heath):

May 21 vs 20: Sales up 18%, median price up 16%, DOM 23, down 61%.

Apr 21 vs 20: Sales up 20%, median price up 13%, DOM 30, down 55%.

YTD 21 vs 20: Sales up 9%, median price up 16%, DOM 32, down 54%.

 

Cedar Hill:

May 21 vs 20: Sales up 24%, median price up 11%, DOM 24, down 56%.

Apr 21 vs 20: Sales up 39%, median price up 20%, DOM 36, down 38%.

YTD 21 vs 20: Sales up 2%, median price up 13%, DOM 33, down 38%.

 

North Oak Cliff (incl Kessler Park, Stevens Park, Winnetka Heights):

May 21 vs 20: Sales up 20%, median price up 35%, DOM 32, down 40%.

Apr 21 vs 20: Sales up 53%, median price up 16%, DOM 39, down 20%.

YTD 21 vs 20: Sales up 18%, median price up 27%, DOM 39, down 26%.

 

Carrollton/Farmers Branch:

May 21 vs 20: Sales up 28%, median price up 23%, DOM 13, down 59%.

Apr 21 vs 20: Sales up 19%, median price up 23%, DOM 13, down 55%.

YTD 21 vs 20: Sales up 13%, median price up 13%, DOM 26, down 33%.

 

For Las Colinas: Call me at my Allie Beth Allman & Associates office, 214-563-8540.

 

Here is a look at Single Family home sales by price category for YTD 2021 vs 2020:
$200-299K (30.8% of sales): down 7%, 0.5 months inventory
$300-399K (23.1% of sales): up 24%, 0.7 months inventory
$400-499K (13.0% of sales): up 51%, 0.9 months inventory
$500-599K (6.5% of sales): up 74%, 1.1 months inventory
$600-699K (4.0% of sales): up 104%, 1.0 months inventory
$700-799K (2.3% of sales): up 109%, 1.3 months inventory
$800-899K (1.4% of sales): up 100%, 1.5 months inventory
$900-999K (0.9% of sales): up 106%, 1.8 months inventory
$1MM and up (3.5% of sales): up 162%, 2.4 months inventory

 

Here is a look at Condos and Townhomes sales by price category for YTD 2021 vs 2020.
$200-299K (25.7% of sales): 912 units vs 617 units year ago, 1.1 months inventory
$300-399K (23.2% of sales): 823 units vs 433 units year ago, 1.3 months inventory
$400-499K (11.6% of sales): 412 units vs 161 units year ago, 2.0 months inventory
$500-599K (5.2% of sales): 184 units vs 70 units year ago, 2.0 months inventory
$600-699K (2.1% of sales): 73 units vs 25 units year ago, 2.8 months inventory
$700-799K (1.2% of sales): 42 units vs 14 units year ago, 2.9 months inventory
$800-899K (0.6% of sales): 21 units vs 9 units year ago, 3.1 months inventory
$900-999K (0.5% of sales): 18 units vs 3 unit year ago, 4.7 months inventory
$1MM + (1.8% of sales): 63 units vs 19 units year ago, 6.5 months inventory

 

 

Font Resize
Contrast