Market Update
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...
Dallas Home Sales Stats for February, 2023
Ready for some good news? Dallas area home sales were UP in February. After eleven consecutive months of lower sales, mostly double-digit declines, we managed to squeeze out a 1% increase vs year ago February. It is an achievement not every major city in the...
Dallas Home Sales Stats for January, 2023
Dallas area home sales in January were 27% lower than this time last year, as mortgage rates continued to discourage potential home buyers. Mortgage rates have settled into a somewhat steady pace since mid-December, hovering around 6.5% for conventional loans (<...
Dallas Home Sales Stats for December and YTD 2022
Only two weeks have passed since my most recent report on the November data (attached), but we now can report on the full year results for 2022. Single family home sales totaled 6,246 properties in December, representing 29% fewer sales than in December 2021. ...