Market Update

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...