Market Update

Dallas Home Sales Stats for March/April 2021

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...

Dallas Home Sales Stats for Jan/Feb, 2021

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...

Dallas Home Sales Stats for December, 2020 and Year End

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...

Dallas Home Sales Stats for November, 2020

November home sales for the greater Dallas area just clocked in with yet another amazing month of results--sales of single family homes up 23% and median sales prices up 13% vs year ago November.  Sales of condos and townhomes were also 27% higher with median sales...

Dallas Home Sales Stats for October, 2020

Historically low interest rates, still at or near 2 5/8% for a conventional loan and with good credit, is driving the bus towards a record year in Dallas area home sales.  These remarkable rates produced another double-digit increase in single-family home sales, this...

Dallas Home Sales Stats for September, 2020

September sales of single-family homes in the Dallas area were up 27% from year ago, a new record. This was the fourth consecutive months of double-digit increases in unit sales.  We have never seen a September like this, but then again, we have never seen such...

Dallas Home Sales Stats for August, 2020

The Dallas home sales success of the summer continues, with August sales posting an 11% increase, following a 25% increase in July and 16% in June.  Median sales prices were up 9%, just as in July This surge in demand is due to incredibly low mortgage rates and a...

Dallas Home Sales Stats for July, 2020

HOME SALES UP 25% IN DALLAS IN JULY!  This is not fake news. Following an amazing 16% rise in home sales in June vs year ago, we even topped that achievement in July. Nationally, sales of previously owned homes were also up 25%, representing the strongest monthly gain...

Dallas Home Sales Stats for June, 2020

What a rebound!  Dallas area sales jumped16% in June versus last year, as pent-up demand and incredible mortgage interest rates took charge of the market. With precautions agains virus spread being honored by Realtors and their customers, buyers were busy with...

Dallas Home Sales Stats for May, 2020

As anticipated, Dallas area home sales in May got hammered.  For the 22-county area, sales were down 25% and the median price of home sold was down 1%, our first dip into negative territory in quite a while.  For the first five months of the year, sales were down 6%...

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