Market Update

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%...

Dallas Home Sales Stats for April, 2020

Dallas home sales in April did not surprise, unless you were anticipating a worse outcome.  Single family home sales were down 17% overall vs year ago.  Thanks to the strong first quarter, we were still 1% ahead of last year to date.  And interestingly, the...

Dallas Home Sales Stats for March, 2020

March sales of single family homes in the 22 county North Texas area I refer to as Dallas in these blog posts were 4% higher than a year ago.  For the first quarter, sales year-to-date were 9% higher than in the first quarter of 2019.  The impact of Covid-19 was just...

Dallas Home Sales Stats for February, 2020

Dallas home sales in February continued on their record-breaking pace that began in December.  Over 7500 homes changed hands, the most ever for a February here.  Pending sales for March are up over 10,100 homes, or 15%.  However listings are down 5%, as many sellers...

Dallas Home Sales Stats for January, 2020

Dallas Home Sales Stats for January, 2020

January sales numbers are just in, and it was gangbusters.  Overall Dallas area sales were up a whopping 21% vs year ago, following a 15% increase in December.  January is historically the slowest month of the year for closed sales, so this performance is quite a...