Market Update

Dallas Home Sales Stats for April, 2022

After Dallas area sales recorded gains of 7% and 10% in February and March, sales of single family homes in April in the greater Dallas area slipped 3%.  Sales of condos and townhomes fell 22% vs year ago levels.  The main culprit is still the shortage of available...

Dallas Home Sales Stats for February and March, 2022

It's a remarkable time in the Dallas home sales market.  Our month's inventory at the end of March has fallen to the lowest levels on record, 0.1 to 0.2 months for homes priced $200K to $400K (3 to 6 days), and no higher that 0.7 days on homes priced to $900K.  Home...

Dallas Home Sales Stats for January, 2022

Dallas' January home sales is pointing to another year of strong demand, higher prices and fewer choices. We have placed the blame for the rapid rise in prices to low inventory, but in many of our submarkets and the North Texas market as a whole, the number of homes...

Dallas Home Sales Stats for December and 2021

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...

Dallas Home Sales for November, 2021

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 Home Sales Stats for Sept and Oct, 2021

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...

Dallas Home Sales Stats for August, 2021

“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...

Dallas Home Sales Stats for July, 2021

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...

Dallas Home Sales Stats for June, 2021

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...

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...

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