Market Update

Dallas Home Sales Stats for May, 2024

May home sales in the greater Dallas area were generally flat, under performing expectations given May's typically stronger sales market during our spring season. Still, 8646 single family homes sold in North Texas neighborhoods, on par with year-ago May and 2...

Dallas Home Sales Stats for April, 2024

The home sales market in our North Texas neighborhoods took some positive steps forward in April, with single family homes advancing 8%. condos 4% and townhomes 2% vs year ago numbers.  It is the heart of the Spring Market afterall!  Median sales prices were also...

Dallas Home Sales Stats for March, 2024

Home sales in 2024 are lackluster at best, with first quarter results unchanged from year ago for single family homes.  For March specifically, single family home sales for the North Texas MLS market were 7% lower than last year, for Dallas County down 2%, Tarrant...

Dallas Home Sales Stats for January, 2024

We are off to a good start! Sales of single family homes in North Texas were up 14% in January and in the Dallas County portion, up 22% year over year.  Median sales prices inched ahead as well, up 1%, breaking a several months-long losing streak.  Dallas County saw a...

Dallas Home Sales Stats for December and 2023

The Year 2023 is in the books, and for most home buyers and sellers, reason to look forward to 2024.  December sales of single family homes in the greater Dallas area were down 4% from a year ago, with median sales prices holding steady.  For the full year, home sales...

Dallas Home Sales Stats for October 2023

Our Dallas area sales data for October was generally negative but not without some encouraging results heading into the holidays.  In my recent columns, I have alluded to the various factors creating a drag on our dependable housing growth, including rapidly rising...

Dallas Home Sales Stats for Sept 2023

It's anyone's guess where mortgage interest rates are headed.  Last January, the chief economist for the National Association of Realtors felt pretty good about low 6's and even 5% by year end.  He is a smart guy, and I parroted him in this newsletter back then. ...

Dallas Home Sales Stats for Jul/Aug 2023

With summer officially behind us, we see on paper the impact higher interest rates and low inventory had and continues to have on home sales.  That double-whammy of scarcity and 7% mortgage rates kept a lot of potential home buyers on the fence, while discouraging...

Dallas Home Sales Stats for June, 2023

We just emerged from the Spring Market, and as expected it was not our best.  Half way through the year, single family home sales are down 6%, townhome sales down 7%, and condo sales down 24%.  It appears the trend is starting to level out as it begins its inevitable...

Dallas Home Sales Stats for March/April, 2023

Our market is doing a pretty good job combatting the evils of higher interest rates and low inventory.  Overall single family sales were down 8% in April vs year ago, following a nice runup in March, when sales were 29% higher than in March '22.  Year to date, median...

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